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Recovery? Central Banks Are Easing Policy For 50% Of The World's Population

Tyler Durden's picture




 

Despite endless proclamations that the world has 'escaped' the financial crisis, the data (and actions) simply do not back that up. The constant propagandizing of either a) US is economically strong and will drive the world's growth engine (factually incorrect), or b) the rest of the world is about to revert to higher growth seems entirely anathema to the fact that in 2015, we have seen a wave of monetary easing - most recently today by Israel. That makes it 20 central banks that have cut rates (or eased policy) in the last few weeks - covering over 50% of the world's population.

 

The World Eases...

 

With global yields already at record lows - we have on simple question? If 6 years of rate cuts and massive money printinmg has left us with collapsing growth expectations, disinflationary pressures, and wealth-creating asset classes at extreme valuations... WTF do you central planners think moar easing is going to achieve?

*  *  *

Not exactly the actions of a world on the verge of escape velocity growth...

 

It doesn't seem to be working... have central banks lost control?

Source: Deutsche Bank

 

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Mon, 02/23/2015 - 20:44 | 5820503 wendigo
wendigo's picture

Let them have their fun. The longer they keep this shit show going, the better prepared I'll be. 

Mon, 02/23/2015 - 20:50 | 5820525 TeamDepends
TeamDepends's picture

Preparation H or KY?

Mon, 02/23/2015 - 20:52 | 5820530 Newsboy
Newsboy's picture

Time for banks to recapitalize again.

It has been your money, but the next round takes all your stuff, 1880s style.

Mon, 02/23/2015 - 20:58 | 5820555 wendigo
wendigo's picture

They can have my bank accounts. It was never real money anyway. I keep 25% of my net worth buried in the yard. 

Now, if they show up at my house wanting my stuff, then I can finally get the meaningful death I always wanted. 

BTW, are you referring to Reconstruction? As a southerner, we will never forgive the Yankee Wankers for those dark days. 

Mon, 02/23/2015 - 21:15 | 5820601 BrosephStiglitz
BrosephStiglitz's picture

Read a newspaper article from Krugman the other day claiming that QE wasn't large enough.  Gotta love the guy for doubling down instead of mucking the hand.  He does not understand behavioral economics much.  

After the fragmented confidence and reckless public sector decisions in the aftermath of the Financial Crisis, people are running to safe havens. QE-ing is more of the same "crazy" and simply will fail to address any underlying issues which is an absolute lack of faith in public policy, and an lack of confidence in a financial system which cost the taxpayers an awful lot of cash.

Mon, 02/23/2015 - 21:49 | 5820728 Lets Buy The Dip
Lets Buy The Dip's picture

yes you are right. 

Lower rates, and more people get back into the market. HEck you and take money out of the bank, and put it in the market, only to Phuck you over when the next STOCK MARKET CRASH COMES. 

There is so much bearish ness out there right now, its almost bullish, if you know what I mean. 

this guy from OZ has accurate FEAR GREED INDICATOR here ==> http://bit.ly/1fMcakI

It looks like its all GREED, at the moment. Maybe more sheeple pile in, but who knows. This is a conjob, right now, and 99% of people are falling for the scam, just like in 2007, into 08, and all remember that one. 

 

Dont you just love it, they get you all scared, and we shoot up. And right when you think the market, will never go down again, then the BIG CRASH occurs. See the link I posted above, for the GREED, FEAR indicator. Its a good one and its a bit alarming right now how much GREED, and how many people think we will just go shoot to the moon on the market. When that happens, I panic. LOL. 

Mon, 02/23/2015 - 23:37 | 5821071 one_hundred
one_hundred's picture

my co-worker's ex-wife makes $80 hourly on the computer . She has been out of work for 10 months but last month her paycheck was $12310 just working on the computer for a few hours. look at this now... www.globe-report.com

Mon, 02/23/2015 - 20:56 | 5820546 Shizzmoney
Shizzmoney's picture

No, you see, NOW the recovery is going to happen. 

5 years after the "Great Recovery", comes the "Great Recovery Recovery".

I can't wait for the Fed to raise interest rates.  And not because they want to; but because they will have to and they won't be able to do anything about it.

Mon, 02/23/2015 - 21:17 | 5820621 SuperVinci
SuperVinci's picture

Just don't ever vote for another Bush or Clinton!

Mon, 02/23/2015 - 21:44 | 5820707 Oath_Keeper
Oath_Keeper's picture

Or Reagan, everyone knows how well his administration fucked us. <sarc>

Mon, 02/23/2015 - 21:55 | 5820758 Rootin' for Putin
Rootin&#039; for Putin's picture

Well, we are definitely picking up velocity...

Mon, 02/23/2015 - 22:41 | 5820905 Martian Moon
Martian Moon's picture

Rate cuts are to weaken their own currency as per the strong US dollar

There is no easing of lending for actual investments

Mon, 02/23/2015 - 23:26 | 5821033 Rearden-Steel
Rearden-Steel's picture

More currency in the hands of fewer people. Consolidation of power.

Tue, 02/24/2015 - 00:26 | 5821216 q99x2
q99x2's picture

Well if somebody doesn't pay for my FAFSA then I'm not turning in my essay this Thursday; Nobody will ever know what the Q99X2 think about the morality of young 18th century women.

Tue, 02/24/2015 - 14:56 | 5823226 ThroxxOfVron
ThroxxOfVron's picture

"Central Banks Are Easing Policy For 50% Of The World's Population "

The headline is bullshit.  

Central Banks are easing to benefit the world's insolvent mega-corporation and bankrupt governments.

Do NOT follow this link or you will be banned from the site!