So according to Zep.ZeroHedge
CONSPIRACY-PSEUDOSCIENCE Sources in the Conspiracy-Pseudoscience category may publish unverifiable information that is not always supported by evidence.mediabiasfactcheck.com
Italy’s troubles are made up? Ok. Not.To be honest with any article written by someone with a Fight Club pseudonym was always going to be a tough one to believe.
@Zep s link just reinforces the fact that what has come out of the website is basically made up.
The fact that the Italian economy is in a spot of bother I think is an already well known fact.
Watch the Fed today- strong economy my Ar5e. Probably will wait till July for a rate cut now as the ECB news had the desired market effect.Fed now sees no more interest rate rises in 2019...... one in 2020
Strong economy indeed.
More QE next to maintain the illusion all is well is the next step along with interest rate cuts.
Totally agree. QE was apparantly an “emergency” measure- now it’s become standard Central bank operating procedure to support a broken economic/financial system.The problem is QE was never an answer, is not the answer and should never be used as a mechanism to achieve anything economically. It is fundamentally flawed.
When you have decided that this your tool and have used it to no actual real world effect then what do you do? More of the same of course.....idiots!
There is no short cut or quick and easy way to fix all this. The fix needs to be a proper fix, from the ground up at source. Long, slow and painful I would say bit the right choice with last and proper effect. We are just kidding ourselves that all is OK otherwise.
How the h3ll you can let the finance scumbags short Thomas Cook to make m ok money as the primary and only benefit I will never know. It is truly repugnant and what we have become if this is it.
The rich are just getting ludicrously richer and crimes, moral are otherwise or going unchecked and unpunished. Now I thought the human brain and the human race was a clever thing. It seems not. What a waste.
I could go on and on. The practices and rich will go on and on unless someone somewhere does something. Until then it will just get worse and then even harder to fix. The bigger the bubble the bigger the pop. A mere short term deflation was a burst......it is still blowing up.....bigger and bigger ever day.
This modern prepensity to run companies at massive loses continually is wrong and should be banned. Football clubs have to work within certain financial criteria. Why shouldn't any private or public company be subject to the same criteria. A company that is losing money that doesn't make drastic measure to flip this around will make more loses and then the bubble is just getting bigger.....then.....pop.....mess.
Our economies are no different.
More definitive signs that not all is well in the “greatest economy in the world”
The Fed's $400 Billion Plan to Bailout the Repo Market
The $1 trillion "repo market" allows banks and other financial institutions to borrow and lend from one another, usually overnight. The market sprung a leak last week.fortune.com
More definitive signs that not all is well in the “greatest economy in the world”
The Fed's $400 Billion Plan to Bailout the Repo Market
The $1 trillion "repo market" allows banks and other financial institutions to borrow and lend from one another, usually overnight. The market sprung a leak last week.fortune.com
Central Banks are trapped- if they fail to keep the bubble inflated we are in for one **** of a collapse. Qe extends and pretends but it’s effect is less and less.....-ve interest rates globally is the next move.Surely this bubble is just getting bigger and bigger. It is indeed a Ponzi. It is like me paying £10k over the top for a car based on me selling my existing car for £10k more than it is worth.
The hot potato has to stop somewhere at some point with someone surely. Is this not hyper inflation in effect but swept under a cloak of partial invisibility.
I feel the same Phil, FWIW. When you understand how much waste there is, especially in the public sector.As for the great god 'Lessons Learned' just how many Carillions, Interserves, and BHS's do we need before regulators earn their keep? ****'s teeth, even the auditors now face investigation.
Still, we do have the NAO which now reports that the cash-strapped BBC is trying to regain control of a project to refurbish the Eastenders set. It's now 'on track' to be only 5 years late, and it's currently just £30m over the original £56m budget (with 4 years to go), so that's ok then.
Jeez, I'm grumpy these days, must be my age!
PH
Ms Hodge seems to have done an excellent job but she's now under attack, presumably from a few folk who didn't appreciate her attention. If only we had a few more MP's with her integrity.I feel the same Phil, FWIW. When you understand how much waste there is, especially in the public sector.
Then consider how dysfunctional our society is with say, a third of children living in poverty, you eventually arrive at a point where you say, enough is enough.
The trouble is. Or perhaps the fortunate thing is. We aren't a country that tends to change governments or political systems by overthrowing them. I'm a great admirer of Margaret Hodge and especially the way she ran The Public Accounts Committee of The House of Commons. We need more like her.