Monday, June 20, 2016

Gundlach: Central Banks
Are Out Of Control
"The policies that they're implementing don't have the consequences that they're looking for .. When you go to negative interest rates, you do not stimulate consumption, you necessitate saving .. You cannot fight deflation with deflation. Negative interest rates are the definition of deflation .. You cannot put out a fire by pouring gasoline on it,"
LINK HERE to the article

1 comment:

Anonymous said...

If Britain does not leave now there may be no next time. It will cease to exist.

I have to think there is no role for the monarchy if Britain stays. Right now it has the ability to dissolve parliament should the elected officials get out hand. It seems to me the elected officials will have abdicated their responsibilities to Europe should Britain stay.. So why Elizabeth would you want to stick around. As the muslim said Buckingham Palace will make a fine mosque.