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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (116008)10/7/2014 6:13:16 AM
From: John Vosilla1 Recommendation

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Hawkmoon

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Points well taken as the appropriate response was taken to combat deflation and great depression 2. But at this point we are far removed from 2008-09. The well to do are far better off now than ever before even as wealth disparity hits even more extreme levels, housing prices in gateway cities are at or above 2006 peaks, we have record corporate profits, stock market averages hit new highs and the bottom 60-70% falling further behind as things they need rise more than incomes and they don't have the access to cheap capital to benefit from financial engineering as what those at the top are doing to stay ahead.. Meanwhile due to the global central banking induced orgy here is an even bigger problem. World total debt, not including financial companies, has risen since the crisis, from 176 percent of GDP in 2008 to 212 percent in 2013. Up to the last crisis, in 2008, borrowing in developed markets was driving global leverage, and arguably global growth. The baton has been passed.


This will end bad once again due to stupid policies and incompetency in Congress. Deflation is far from the problem these days for most.. Trickle down and big spending on our imperialistic overseas endeavors hasn't worked for a generation now. Our Great Society program never worked the past 50 years. Fed intervention should only be a temporary stop gap as they went too long with near zero rates back in 2004 and are doing the same thing wrong yet again today. GOP of today is totally clueless and the Dems are not far behind either.. Repeal Dodd Frank, reinstate Glass Steagall, get the fed out of micromanaging and put Congress back to work setting policy to incentivize real work again, investment here at home and rebuilding of our infrastructure. Maybe a return to the 1950's mindset is in order. Of course the overseerers of our new world order will never allow that indulging in such excesses that put even the Gilded Age and Roaring 20's to shame...
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