Dear Janet, Mario, & Haruhiko - It's Time For The 'C' Word

As policy errors pile up - just as they did in 2007/8 - around the world, we thought the following three charts might warrant the use of the most important word in modern central banking... "Contained"

 

Haruhiko, You Are Here...

 

Mario, You Are Here...

 

And Janet, You Are Here...

It does make one wonder, with all this carnage and so little action, whether "coordinated" inaction is the post-Davos decision - Don't just do something, stand there and jawbone!!

With the goal being a big enough catastrophe to warrant unleashing the war on cash, then NIRP, then the unlimited money drop... because as we stand, no matter what crazy policy has been imagined by the Keynesian "seers" - inflationary (well deflationary now) expectations have collapsed.

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