Monday Oct 13 2014
The IMF suggests that easy money Central Bank policies led to the last crisis and here we are again.
Consider this quote.
What we see is extraordinary risk-taking in the financial markets while in the real economy risk-taking has taken a holiday,” said Claudio Borio, a senior economist at the Bank for International Settlements, a clearinghouse for global central banks.
Mr. Borio is of course exactly correct. Hedge funds are now leveraged eight to one at the top of the stock market frenzy. Yet employers are reluctant to hire. There is an op ed in the WSJ today suggesting too much regulation has too much regulation has choked off job creation..
At the Fed Chicago Trading Desk, Overnight Ramp Capital stock futures surged 20 points on no volume Sunday night. Gee would the Government let the markets crash before an election?
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