Central bankers, those oracles whose every pronouncement is poured over like some holy writ, met in Jackson Hole, Wyoming for their usual symposium. And the result of the meeting is a punt.
In what may be a rare instance of honesty, officials from the Federal Reserve, the Bank of Japan, and the European Central Bank said their efforts to stimulate the economy will likely fail unless government officials take the initiative by taking “bold measures.” It seems they are having trouble convincing market participants that things are better than they seem.
Can you imagine the measures they want governments to take?
Morons. Monetary policy can only provide a very short term stimulus suitable only in bridging lagging effects of fiscal policy. As fiscal policy takes effect monetary policy should be quickly normalized. Only fiscal policy can create growth in the economy.
There will be an economic collapse very soon. We should all be preparing what we need to survive this time
But they will blame it on Trump
The only measures that need to be taken is a bullet between the eyes of each of them.
Looks like the Obama administration’s economy lies have caught up with them.
Banks have been bailed out too many times already
Fear mongering
Greed got them into this mess no bail out, no bail just jail
Get government out of the way and stop sustaining surplus population.
Still stealing taxpayers hard earned money.