Driven by central bankers who are “wiser than God.” But it might get even more hideous before this story ends.
Among those who’ll get to eat the losses: unsuspecting retail investors.
But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.
In two years, 37% of Japan’s yen-denominated wealth has gone up in smoke.
It always pays to be cautious when other investors get greedy.
The central bank madmen are raging.
“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
The incredibly ballooning balance sheet that no one can match (in one chart).
The middle classes – aka “the voters” – expressed themselves last week. They have been sorely used and they know it.
“Hey… you want a wealth effect? I’ll give you a wealth effect!”