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The Fed Gave Wall Street The Lowest Rates In 5000 Years & All Main Street Got Was This
It's simple - in theory - a central planning body, who knows what is best for the rest of society, lowers interest rates (to reduce the cost of capital, encourage entrepreneurial actvities, and stimuluate the economy - and therefore jobs - for the average joes and josephines of the world).
So the 'smartest people in the room' cut interest rates, lowering the cost of capital to the lowest in 5000 years...
But a funny thing happens when the world is saturated in debt, leveraged to the max, and liquidified by lenders of last resort... the textbook breaks!
And the real economy "gets nothing"
But do not let that stop them trying it again.
Charts: BofAML
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We got Obama.
We got "the Obama." Like the Buddha, he espouses certain truths, like "you didn't build that", and a religion has been built around him (or is it the other way around?)
Yeah, and most likely, we are going to get the Cankle...
;-D
Does not matter who is in the orifice - this mess is going to get cleaned up one way or the other. After this much malfeasance, things just start going wrong. It could be karma, it could be devine smiting - or just the plain old fucking breaks. Crap this long and eventually it explodes.
https://www.youtube.com/watch?v=vdQFuTQ1l5U
Smiting is such a good word...
;-D
This is classic. 5000 years OMG.
Is that longer than since Lehman?
It's all Lehman's fault.
Y'ain't seen nuthin yet!
...stupid t-shirt.
"I am with Stupid ---" t shirt
We'll get nirped on the flop.
Some folks got cornholed
If you like getting cornholed, you get to keep getting cornholed.
"I need some TP fo my bunghole."
The god of mammon will be broken in all of this
We have seen the outcome of such "let the majority eat cake" monetary experiments before. This one will end no differently.
workers get replaced as a too expensive input factor, whereas capital accumulates more capital. Productivity gains go to the owner of the business not the workforce...
Robots replace workers, workers riot against robots, robots kill workers.
Who is going to buy this shit?
robots replace workers, workers work no more and live from foodstamps and other government subsidies...
time to start an index fund of "mom's friendly robot co", cyberdyne & graystone industries?
I guess you forgot their plan. The top 1% intend to murder the bottom 99%. The robots will then care for the top 1%, who refuse to work or produce.
The robots will then be compliant slaves to the predators.
That's their plan. So far, it is working.
Will they succeed? Probably.
Financialization is the industry of the 1%. Everything else can be and should be done by machines, according to the 1%'ers.
The forces of Financialization have accelerated after Nixon removed any last vestiges of dollar backing.
Yup.
The class war is real and the 30,000-odd members of the master class (not even close to one per cent---most of the 1% are hangers-on who will outlive their usefulness too) are winning.
The losers needn't expect any quarter. Wealth and idleness was only ever going to be a sustainable option for a few thousand people. Once the rest of us outlive our usefulness as tax and debt slaves, we're finished.
Robots will make far better New Socialist Men than humans ever did. They don't even have wants, just fuel and maintenance requirements.
nay! double trouble
I knew the trajectory was bad back in the 80s, but I never thought it was this bad. It's no wonder I have had such contempt for Greenspan all these years. Had I known that they were ripping me off to this degree I would have started looking at economics much sooner.
its easy: just btfd and then btfath.
The fed, always wrong, butt never in doubt.
Dear Fed,
Thank you so much for allowing me to use your fake and printed USD to purchase gold at such a discount to whats its value realy is.
up, up and away on my beautiful, my beautiful baloooooon....
All by design. Immoral unethical intentional skullduggery.
Welcome to the Kleptoligarchy serfs!
I have over 25 years experience in my profession as a substation engineer and I'm ready to just quit working literally keeping the lights on for this corrupt system. What's the point in working when it's totally rigged?
Yes the world economy is in distress!
Yes there is NO way out of this other than a crash!
Now get over it and ROCK!
https://www.youtube.com/watch?v=Xk9wWj8Wh30
And if you want to get off the oil dependency - try this:-
https://www.youtube.com/watch?v=1BM1r8h_Xmk
You're mistake is in thinking that "Central Planners" work for society.
Nooz flash, they don't.
Banksterz work for Banksterz and YOU....are lower than whale shit.
Simple explanation. When the world spent a lot of capital with machines and manufacturing, low rates mattered because capital was required and margins low. In the days of software with little capital spending and huge margins, a few hundred basis points don't matter. So all low interest rates do is to encourage stock repurchase and asset inflation. Old Yellen and old fed governors afre steeped in the 1970s text books. They simply don't get it
I think the participation rate is misleading.
Women were encoraged to enter the workforce and put their kids in childcare. As time went on, more parents discovered that childcare is not bestcare and prioritise family over career. Tah dah!
It's not a bad thing.
Yes. Male participation rates have been declining since the Fifties as manufacturing was automated or offshored. Of course, offshoring was too profitable for anybody to care.
White female participation only peaked in 2008. The economy ran out of jobs for Girl Fridays and the daughters of the one percent with useless LAC and MBA degrees started moving back into their old rooms after graduation, with little hope of finding employment or husbands worthy of their station.
Finally there was a crisis, because it affected NYC hacks personally. (Their spouses had really been hoping for their own rooms.)
Our betters are always the last to notice the stink after they've fouled the nest.
https://thinkpatriot.wordpress.com/2015/11/11/dynamics-of-national-colla...
https://thinkpatriot.wordpress.com/2015/11/10/a-measure-of-propagandas-p...
As our leaders so often say, "Ideas have consequences." This diaster is clearly linked with Progressives of both Left and Right.
Let the lynchings begin.
OK...so what is the value of my money... let's see..what will someone give me if I put it into a bank..why 0%..wow...I guess that makes my money worthless as an investment...first time in 5000 years this has happened..on no..I don't think this is going to end well...