The new Eurocratic elite is worried. Deep cracks are spreading.
The designated losers of monetary policy. There are a lot of them.
Never before in the long, comic history of mankind and its money have central bankers taken such a keen interest in asset prices. Now they create money, out of nowhere, for the express purpose of pushing them up.
Bitter ironies are piling up – with very crummy consequences.
Bizzzaro world of maniacal central banking and crackpot financial engineering.
A true debacle is unfolding. Just when we thought the euro was finally safe.
“We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
Why would this bullishness extend to practically the entire globe?
How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young.
European bankers have begun sweating, not because of the harsh heat, but fear – of what could happen as battalions of bank auditors take up temporary residence at the headquarters of the biggest banks.