
Over the last 25 years we’ve gone from one Fed created bubble to the next. Now the central banks of the world are pushing into new frontiers of money printing and they are likely creating a bubble which will result in an unprecedented bust.

Over the last 25 years we’ve gone from one Fed created bubble to the next. Now the central banks of the world are pushing into new frontiers of money printing and they are likely creating a bubble which will result in an unprecedented bust.
It wasn’t long ago that such an idea was beyond the pale. No longer.

Just one more hit. That will make everything better. Just…one…more…hit……….
Not only is the Bank of Japan going to buy huge amounts of government bonds, but it’s also going to buy stocks, ETFs, and real estate investment trusts.
Printing money and broad fiscal stimulus isn’t going to work because of deep structural issues within the Japanese economy. Specifically the country’s population keeps getting older while the economy is also becoming more and more integrated with China’s. Deflationary winds are gale force and steady.
This is about right.

“Basel Becomes Babel as Conflicting Rules Undermine Safety” says a Bloomberg headline. This refers to international banking rules being worked out in Basel, Switzerland.

Bass makes a whole series of insightful observations regarding the global economy in the attached video, observations of the type one is unlikely to hear expressed on CNBC . But he makes one particularly chilling point. We have never seen peace time debt levels like this. In the past when debt levels spiked, during and just before war, the losers of the war got saddled with the debt. What happens now with much higher levels of debt to GDP ratios than we’ve ever seen, when the world is for the most part at peace?
ZeroHedge.com reports on the election of Shinzo Abe, Japan’s once (2006-2007) and now current Prime Minister.