“The Feds failure to make good on threats in September was carelessly blamed on China and all the other global economies except the U.S. economy.”
9/30/15 – Today David Beahm, Executive Vice President of Blanchard & Company, commented on the grim financial outlook in an economic news update.
“And, now the Fed is starting the process of continuously rolling out its Fed parrots to try and convince the world once again that the Fed will make good on its threats to raise its Fed funds rate a smidgen off its zero boundary.” Continue reading “David Beahm – “It’s hard to imagine after looking at these charts that anyone is even considering raising rates””
Is there something Haldane sees that has driven him to this extremist perspective?
Just three short years ago, Bank of England chief economist Andy Haldane appeared a lone voice of sanity in a world fanatically-religious Keynesian-esque worshippers. Admissions in 2013 (on blowing bubbles) and 2014 (on Too Big To Fail “problems from hell”) also gave us pause that maybe someone in charge of central planning might actually do something to return the world to some semblance of rational ‘free’ markets. We were wrong! Haldane appears to have fully transitioned to the dark side, as The Telegraph reports, he made the case for the “radical” option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.
Speaking at the Portadown Chamber of Commerce in Northern Ireland, as The Telegraph reports, Mr Haldane’s support for a possible cut in rates came as the Bank as a whole has signalled that the next move in rates would be up…
READ FULL ARTICLE HERE http://www.zerohedge.com/news/2015-09-18/bank-england-economist-calls-cash-ban-urges-negative-rates
California 3rd World Conditions, Corruption of Children, Immigration Issues, Russia and Syria, Saudi’s Begin Bombing ISIS, NATO, Ukraine, Chemical Weapons, Authorized Drones, Biometrics, and more.
1) California communities now in 3rd world conditions
Continue reading “News Update 9/3/15”