These signs may just be the prelude to a seismic shift that’s beginning to rattle the economy, both here in New Zealand and around the world.
Debt bubbles and credit crunches have decimated wealth, destroyed jobs and ruined families.
And the current debt crisis is escalating at an alarming pace.
So how can you protect and grow your wealth in a financial crisis? Find out here.
It was in the early 1970s that the idea of ‘stimulating’ an economy began to take hold, first among progressives, later among conservatives.
‘It’s all part of a plan,’ explained a colleague. ‘Trump is not book smart; he’s smart like a fox.’ ‘He knows that Americans need to see some economic improvement in … Read More
Life is about holding on to what you’ve got. This wing of the .01% has money so old that most have forgotten how it was made.
The Fed lowers rates. More money flows into asset prices. People think their stocks are worth more. But they are probably less valuable.
What kind of capitalism is it when the capitalists drive up their share prices rather than producing goods and services that they can sell at a profit?
The guardians of the world’s most important measures of value said they would lend more fake money at even fakier interest rates.
Short-term finance is great for short-term speculators. But it is bad for business. You can’t build a real, prosperous economy with overnight money.
Setting artificially low interest rates made the downtrend worse. Growth slowed further. The Swamp deepened. The empire grew bigger and more corrupt.
The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.