Powell: Don’t Pay Off Debt, Just Make Economy Grow Faster! Maximum Irrational Exuberance

The unbelievable insanity of the Fed. They may in some cases acknowledge the debt problems, the deficits, longer term issues. But they will never actually admit what’s really important right here and now. Either way, this was an interesting video, showing different central bankers and how their words do in fact match up with what we’ve talked about here before. It’s just unfortunate they will never be willing to admit their wrongdoings. The people suffer because of their actions.

Yellen: “What’s going on right now, reminds me a lot of 2015, 2016.”

 

Janet Yellen, Ben Bernanke, and Jerome Powell have all discussed the problems of what we are facing today. Now obviously, they don’t see the problems that we do. They don’t highlight the internal risk. They generally stick to issues that are further out into the future, or those that exist outside the borders. Either way, they’ve pointed to the problems and there’s no chance this won’t end in failure. Trying to sustain a global economy on purely debt, rising deficits, and unbelievable wealth inequality, is impossible to sustain. 2008 brought some issues to light but the stink was covered up with a spray of Febreze. Not good.

 

Yellen: ‘Good reason to worry’ about US economy sliding into recession

www.cnbc.com/2019/11/21/yellen-good-reason-to-worry-about-us-economy-sliding-into-recession.html

Powell’s Fantasy: The Economy Should Grow Faster Than Debt

realinvestmentadvice.com/powells-fantasy-the-economy-should-grow-faster-than-debt/

4-18-08taxf1.png (454×766)

www.cbpp.org/sites/default/files/atoms/files/4-18-08taxf1.png

Central Bank Assets for Euro Area (11-19 Countries) (ECBASSETS) | FRED | St. Louis Fed

fred.stlouisfed.org/series/ECBASSETS

Euro area financial stability environment remains challenging

www.ecb.europa.eu/press/pr/date/2019/html/ecb.pr191120~dba5b22030.en.html

Goldman: The worst of the global economic slowdown may be in the past

www.cnbc.com/2019/11/21/goldman-the-worst-of-the-global-economic-slowdown-may-be-in-the-past.html

Macy’s blames sluggish sales on weak shopping malls

www.cnbc.com/2019/11/21/macys-blames-sluggish-sales-on-weak-shopping-malls.html

Store Openings and Closures Tracker 2019, Week 46

coresight.com/research/weekly-us-and-uk-store-openings-and-closures-tracker-2019-week-46-amazon-plans-to-launch-new-grocery-store-format/

WeWork lays off 2,400 employees

www.cnbc.com/2019/11/21/wework-lays-off-2400-employees.html

Announcement of the National Bureau of Statistics on Revising 2018 GDP Data

www.stats.gov.cn/tjsj/zxfb/201911/t20191122_1710868.html

 

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