Tag Archives: monetary stimulus

After 10 Years of “Recovery,” What Are Central Banks So Afraid Of?

The “recovery”/Bull Market is in its 10th year, and yet central banks are still tiptoeing around as if the tiniest misstep will cause the whole shebang to shatter: what are they so afraid of? The cognitive dissonance / crazy-making is off … Continue reading

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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The … Continue reading

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Japan’s Monetary Pearl Harbor

Trying to “fix” a sclerotic, inefficient state-cartel economy by boosting inflation–the ultimate goal of Japan’s Monetary Pearl Harbor– is a self-liquidating path to destruction. The Bank of Japan’s surprise expansion of financial stimulus strikes me as the monetary equivalent of … Continue reading

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