Our economy is still out of whack and full of bullshit!
A quick, if familiar, observation to start the day courtesy of Bank of America which in the latest overnight note from Michael Hartnett notes that central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record."
It seems that we have "central planning" after all. However, we do it differently comparing to the Chinese. Can someone point out the difference?
April 21st, 2017 12:38pm
Chinese get more benefit out of it.
April 21st, 2017 2:52pm
We don't have central planning. That's why these banks can just go out and do shit independently.
April 21st, 2017 3:14pm
No, WorldRover, *YOU'RE* the one who's still whack and full of bullshit.
April 22nd, 2017 10:53pm
April 23rd, 2017 6:13am
In the sexual context, I've only come across whacked in terms of self applied.
April 23rd, 2017 10:05am