- Anthony Haldane, Bank of England, July 13, 2014
660+ global interest rate cuts later and deflationary poverty capital is now trapped in every single asset class on the planet: Oil, Commodities, Junk Bonds, Carry trades, Sovereign Ponzi bonds, Global stocks, IPOs, Biotech, Unicorns, Bitcoin, Gold, Art...
ZH: August 28th, 2016
The Housing Markets In Aspen, Miami, and the Hamptons Are All Crashing
“I’ve never seen anything like this before.”
The speed of the collapse has been stunning...a slowdown in January turned into a free fall."
San Francisco/Silicon Valley
Toll Brothers builds McMansions in the U.S.:
Janet Yellen on 2008:
“For my own part,” Yellen explained, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.”