Central banksters are ALL IN for the first time in world history. Even as their global pseudo-recovery grinds to a halt.
Bernankentstein's new Wall Street employer:
"One of the very sad negative characteristics of the Fed’s policies is it’s leading to job destruction"
It was all a vain attempt to stem the relentless deluge of Third World deflation imported at an ever greater rate by multinational corporations. Competition that wipes out local businesses and destroys jobs. Central bank liquidity is merely heroin to a dying cancer patient. Worse yet, the 0% interest rates destroyed millions of jobs via capital substitution aka. automation. Something Bernankenstein's new boss even noted. There are 7.3 billion people on this planet, most of whom are unemployed, the average human being lives on $2.50 per day or less. According to Econ 101, the marginal cost of labour is $2.50/day. What the fuck were these morons thinking?
Now they're ALL IN. Maximum Harvard Risk.