I was thinking that we are in the beginning of the deflationary phase with credit markets beginning to fail. But she raised an interesting point; if things start to fail central banks can move on and print more money.
Only when countries and corporations no longer can service near 0 interest rates this insanity will reach an end. Or if the money printing spills into the real economy, causing inflation (I can see this happening as a result of pension bail outs).
I think we are really far away from that point. That’s something that may last more than 20 years.
Erik Townsend and Patrick Ceresna welcome Nomi Prins to MacroVoices. Erik and Nomi discuss:
- Why has QE never led to runaway inflation?
- How has the market been propped up for 10 years without consequence?
- What does the ECB own today?
- The bank of Japan, their program and what it contains?
- Central banks around the world and how they compare?
- When does tapering occur on a global scale?
For the second featured interview Erik Townsend welcomes Pat Hemsworth to discuss:
- Why Saudi Arabia and Russia can’t make up their minds about oil prices?
- Iran sanctions, expectations and what they mean?
- Venezuela, production and what is next?
- OPEC, faking it till they make it?
- What is the forward curve telling us about the market?