Why Bernanke, Yellen, and Draghi Failed

Deflation pressures are increasing.  How could that be with all the cheap money that has been provided. Maybe the fundamental issue was never addressed, “How can the effects of a burst bubble, a bubble created by cheap money, be addressed by even more cheap money ?.

  1. First what we have seen is a sloppy economy that seems to not have strong growth in its sites, in fact the GDP Now forecast for the US fourth quarter is only 1.4 %.
  2. We see good jobs being replaced by low paying jobs.
  3. We see a deflation psychology being embedded into the population at large.
  4. We see funny money chasing production functions, thereby creating unsold inventories.

Leave a Reply

Your email address will not be published. Required fields are marked *

three × five =