http://www.marketoracle.co.uk/Article38931.html Nadeem Walayat,always an interesting read
an excerpt
....it is also a damning indictment of the "capitalist" system and grist to the mill of so-called "conspiracy theorists"
Zero hedge angle..... http://www.zerohedge.com/news/2013-02-11/sovereign-defaults-past-and-present-one-chart
an excerpt
Have Central Bankers Saved the World?
The, US, UK and Japan to name the biggest money printers have averted
financial armageddon collapse that so many books have been written to
proclaim as being imminent. This is why there has not and will not be
deflation. So yes technically, and fraudulently (debasing currencies)
central banks have saved the world! A controversial and bitter statement
to make but it is also a true statement. Something that many analysts
cannot get their heads around as they wait for financial armageddon to
play out in an always imminent bear market to resume. I say to them -
the data you are looking at is 4 years old ! Your stuck in a time warp
that is BLIND to what central bankers have done and are flagging will
continue to do until economic growth returns to trend, regardless of the
inflationary consequences.....it is also a damning indictment of the "capitalist" system and grist to the mill of so-called "conspiracy theorists"
Zero hedge angle..... http://www.zerohedge.com/news/2013-02-11/sovereign-defaults-past-and-present-one-chart
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The dollar index is up 12% since the 08 collapse
ReplyDeleteI'm impressed, I must say. Rarely do I encounter a blog that's both educative and interesting,
ReplyDeleteand let me tell you, you have hit the nail on the head.
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