ifallalot said:
hal9000 said:
obslop said:
"Every major central bank on the planet is now carrying enormous balance sheets. All have turned fully dovish; none will reduce their balance sheets. Ten years after the financial crisis, no central banks will have normalized and can’t. The ECB is still running negative rates with no end in sight.
Let’s call a spade a spade: Normalization would crash capital markets globally. The world is destined to never see a true normalization, and central banks will be forced to remain accommodative in the face of slowing growth. The promise of organic growth following what was supposed to be temporary central-bank intervention was simply a pipe dream. The Fed tried and failed. Markets and the economy have forced their hand and now the Fed is trapped and is forced to be the dovish for years to come. Intervention and accommodation have become permanent. Globally."
https://www.marketwatch.com/story/the-feds-total-capitulation-is-a-bad-omen-for-the-stock-market-2019-03-21?mod=mw_theo_homepage
so is anything about this economy remotely real?
No, and it hasn't been since the bailouts
Disagree
Effectively what we did was extend the period for working out the imbalances that built up over many years up to 2008
We’re still working through them but major progress has been made
There’s no guarantee obviously but a lot of sh!t has been done in the last 10+ yrs to address issues that caused the last crisis