Monday, August 29, 2016

THIS BONEHEADED ECONOMIC ADVISER SERVED BOTH BUSH & OBAMA
(WERE YOU CONNED INTO BELIEVING THAT OBAMA WOULD BRING 'REAL CHANGE'?)
LARRY SUMMERS: "The central irony of  the financial crisis is that while it is caused by too much confidence, borrowing, lending and spending, it can only be resolved with more confidence, borrowing, lending, and spending,"
The Number One Factor Influencing 
Federal Reserve Monetary Policy - 
! BONEHEADEDNESS !
"Central banks keep reloading and doing dumber and dumber things, and since their stupidity seems to know no bounds, I’m willing to say that I don’t know how dumb things will get before they stop. What I do know is that locking in a guaranteed loss on bonds that are held to maturity is not a good way for investors to meet their long-term liabilities. Think pension plans and insurance companies for example. Central banks are eviscerating them. How insolvent pension systems and life insurance companies can be good for the global economy is beyond my pay grade, but then again, I don’t have a Ph.D. in economics."
- Jeffery Miller, of StockResearch
LINK HERE to the source

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