Our country wasted our children's and grandchildren's money on a Keynesian response to the alleged crisis, and more than $7T later the journalists are finally admitting what conservatives said all along. Liberals disgust me.
Posted on 06/28/2015 5:25:10 PM PDT by John W
The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned.
The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report. The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.
These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.
Claudio Borio, head of the organisation’s monetary and economic department, said: “Persistent exceptionally low rates reflect the central banks’ and market participants’ response to the unusually weak post-crisis recovery as they fumble in the dark in search of new certainties.”
(Excerpt) Read more at telegraph.co.uk ...
Pretty soon they’ll be paying us to borrow their paper.
Good time to tell us the fire truck has no water in it. In fact the firemen are running away from the scene.
You're funny.
They're not going to be paying "us." They're going to be paying the owners of the financial institutions that hold our savings, including our retirement accounts.
You’re right, of course.
Our country wasted our children's and grandchildren's money on a Keynesian response to the alleged crisis, and more than $7T later the journalists are finally admitting what conservatives said all along. Liberals disgust me.
Circling the drain....
Obama: “Obviously the answer is to spend more!”
Well, this UK journalist is.
Obviously the solution to this impending financial meltdown is gay marriage.
“Persistent exceptionally low rates reflect the central banks’ and market participants’ response to the unusually weak post-crisis recovery as they fumble in the dark in search of new certainties.”
Gotta love this.
What a bunch of stupid, no sense, imbeciles. They lack all common sense, and have no wisdom. Just like the supreme (cough cough) court decisions.
Just cut taxes and regulations on companies and people. Then watch companies and people take off and grow. We will thrive again. But no. The corrupt elite imbeciles want to strangle, starve, and control their populations.
*Begin lib mind drivel*
The increase in marriage tax penalties and the increase in taxable confiscatable funding due to the increase in divorce proceedings will be a windfall!!
/ *end lib mind drivel*
GOOD. The US Government needs to go off the junk for a while.
File under NSS.
Send it to SCTOUS - the experts at inversion.
“Good time to tell us the fire truck has no water in it. In fact the firemen are running away from the scene.”
Everyone is predicting disaster but no one knows how to prepare for it.
If you are not ready yet, tomorrow might be a good day to start.
“If you are not ready yet, tomorrow might be a good day to start.”
Buy gold, take all money out of the bank and bury it in the backyard?
Too late for that. Food. Water. And toilet paper.
That little blip is when Clinton shifted all of the short term debt to long term. It’s like spending your daily expenses and putting them on a credit card. In a while you still have credit card debt AND daily expenses.
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