Yes agree this system cannot continue. It has run its course. We now have a system of Creditism, NOT capitalism. The games we have been playing since the 80's can no longer go forward. We lived off the fat of the land for 40 years or so and it is about over.
Hopefully Trump will set up this Sovereign Wealth fund properly (keep the money away from the politicians to buy votes with?). If he does, we can use it as a venture fund type set up to fund future technologies we need. Create good purposeful jobs, cure diseases, grow our way out of this mess of an economic system we now have. The bond market is a joke. When they crash the system, we the taxpayers pick up the bill as usual. We taxpayers will fund future growth and technologies, NOT the broken bond market. They have had their day, let's move on.
If we keep following the English system, we are doomed too. Remember, we are plutocrats, they are autocrats. Big difference. We can change, money there! yes, we'll do it. Aristocrats don't think that way. We need to leave the Brits and Europeans to their own devices, they usually do us no favors.
Change is hard, with much gnashing of teeth and 'well-founded' objections. All I would like to see is for real credit for companies to grow, rather than symbiotic liquidity management between central bank and financial markets. Oh, and I'm a Brit and in my opinion we have become far too concerned with the opinion of others, so I'd happily not do you any favours. Doesn't mean I don't like you.
It just seems like QE never stopped. Does printing new money every week to cover your operating expenses count as on-going QE?
https://fred.stlouisfed.org/graph/?g=1Dp30
That is a good point indeed. Monetization - though the Fed claims it is temporary monetization (or 'deferred asset', as they call it).
Yes agree this system cannot continue. It has run its course. We now have a system of Creditism, NOT capitalism. The games we have been playing since the 80's can no longer go forward. We lived off the fat of the land for 40 years or so and it is about over.
Hopefully Trump will set up this Sovereign Wealth fund properly (keep the money away from the politicians to buy votes with?). If he does, we can use it as a venture fund type set up to fund future technologies we need. Create good purposeful jobs, cure diseases, grow our way out of this mess of an economic system we now have. The bond market is a joke. When they crash the system, we the taxpayers pick up the bill as usual. We taxpayers will fund future growth and technologies, NOT the broken bond market. They have had their day, let's move on.
If we keep following the English system, we are doomed too. Remember, we are plutocrats, they are autocrats. Big difference. We can change, money there! yes, we'll do it. Aristocrats don't think that way. We need to leave the Brits and Europeans to their own devices, they usually do us no favors.
Change is hard, with much gnashing of teeth and 'well-founded' objections. All I would like to see is for real credit for companies to grow, rather than symbiotic liquidity management between central bank and financial markets. Oh, and I'm a Brit and in my opinion we have become far too concerned with the opinion of others, so I'd happily not do you any favours. Doesn't mean I don't like you.
My money is on the ECB. Problems there are going to accelerate I fear
The recent piece in the FT by von Leyen and Lagarde told us “they get it” - I am afraid it was more a cry for help than a cry of victory
https://www.ft.com/content/fba6b27a-3a72-4451-8c75-ea8533c62681