Logic says this had to end. History says it’s easy forex currency rates matrix movie to end.
And yet they keep finding rabbits. I’ll be the first to admit, that I NEVER thought they could kick the cans down the road as far as they have. I’ve been in this game for quite a while. I started in 1994 doing seminars for local investment clubs. That migrated into the first newsletter in 1996, and in 1997 we launched the web site.
All along the way, there were ills and evils that I pointed out, about how the economy is fake, the economic reports were fudged, the debts were unpayable, and on and on. And yet, through the magic of Central banking, they’ve managed to keep the wheels on this thing. It truly is incredible if you think about it. Is the Fed ready for the next recession? Extensive research shows that it takes between 300 and 500 basis points of interest rate cuts by the Fed to pull the U. 100th of 1 percentage point, so 500 basis points of rate reduction means the Fed would have to cut rates 5 percentage points. Negative interest rates won’t save the day.
Negative rates have been tried in Japan, the eurozone, Sweden and Switzerland, and the evidence is that they don’t work to stimulate the economy. At no point in the history of the world has the interest on money been so low as it is now. Who can dispute the good Sen. For lo eight years, the Federal Reserve has waged a ceaseless warfare upon interest rates. Economic law, history, logic itself, stagger under the onslaughts. We suspect that economic reality will one day prevail. If you have defective and obsolete models, you will produce incorrect analysis and bad policy every time.
There’s no better example of this than the Federal Reserve. The Fed uses the Phillips curve to understand the relationship between unemployment and inflation when 50 years of data say there is no fixed relationship. 18- And Now, for Something Entirely Different: Modern Civil War Without Guns – So Far! Does our country run the risk of a civil war? Is such a horrible event even possible today?