Blame The Club?
"No income, no inflation, no boom." - Jeffrey Snider
TNN - No recovery either.
Ari - "I wonder if the real metric after a $60++T derivatives driven & $10+T debt driven financial collapse (GFC) is that we stayed out of massive deflation (the greater depression). "
TNN - I sense the worst is yet to come.
Ari - primarily because of Trump and cohort, or b/c of post GFC Fed operations/policies?
TNN - To wit this has been a 50+ year work in process.
Much to do with a 50+ year effort on the behalf of the ABA to achieve financial sector deregulation, and the ascendancy of the House of Finance.
See some of Salmo's posts for the ABA lobby contributions via regulatory and legislative means.
Decades of FOMC policy, whose masters are the financial sector, are also culpable.
Regardless of who won past, last or next election, this has been a bipartisan effort. As Al Sleet and Mr. Conductor said, it's a big club and you ain't f-ing in it.
Trump is a populist antagonist who will exacerbate the situation, and accelerate the process with inequitable tax cuts, growing twin deficits and trade wars.
At the end of the day, blame can be laid at the feet of the unholy trinity of deleterious corporate, government and monetary policy.
Said policies have given incentive and disincentive to monetary motives for all economic actors, which have had long term deleterious effect.
All three, including the public, in worship of false profits have sacrificed their future at the altar of money.
As Salmo might say: This is not by happenstance and all to come a cropper. More to come in Winners and Losers? Stay tuned, no flippin.
The Truth about The Club...
TNN - No recovery either.
Ari - "I wonder if the real metric after a $60++T derivatives driven & $10+T debt driven financial collapse (GFC) is that we stayed out of massive deflation (the greater depression). "
TNN - I sense the worst is yet to come.
Ari - primarily because of Trump and cohort, or b/c of post GFC Fed operations/policies?
TNN - To wit this has been a 50+ year work in process.
Much to do with a 50+ year effort on the behalf of the ABA to achieve financial sector deregulation, and the ascendancy of the House of Finance.
See some of Salmo's posts for the ABA lobby contributions via regulatory and legislative means.
Decades of FOMC policy, whose masters are the financial sector, are also culpable.
Regardless of who won past, last or next election, this has been a bipartisan effort. As Al Sleet and Mr. Conductor said, it's a big club and you ain't f-ing in it.
Trump is a populist antagonist who will exacerbate the situation, and accelerate the process with inequitable tax cuts, growing twin deficits and trade wars.
At the end of the day, blame can be laid at the feet of the unholy trinity of deleterious corporate, government and monetary policy.
Said policies have given incentive and disincentive to monetary motives for all economic actors, which have had long term deleterious effect.
All three, including the public, in worship of false profits have sacrificed their future at the altar of money.
As Salmo might say: This is not by happenstance and all to come a cropper. More to come in Winners and Losers? Stay tuned, no flippin.
The Truth about The Club...
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