The archive is catalogued by 'Politics', 'Economics', 'Mockery', 'In other news' and 'On other things' 


"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Robin Wigglesworth says don't discount an autumn rate rise from the Fed

In response to an FT Short View by Robin Wigglesworth on 31st August 2015, entitled 'Dont discount an autumn rate rise from the Federal Reserve'

The only thing that is pretty much guaranteed is that if and when the market finally realises that the Fed cannot keep the Ponzi scheme going any longer and the myriad bubbles start to pop, the Fed will point to anything other than their own policies for the carnage that ensues. 

What is highly likely is that the mainstream media, including the FT, will largely go along with whatever crass excuses and/or clever explanations the Teflon coated academics come up with - Dr Bernanke will hint it was fine when he left, Professor Krugman will say they didn't do enough and Professor Summers will emerge with his latest 'solution' that doesn't include even a rumour of mea culpa and fails to address any of the disastrous effects his ideas helped to create.

As for interest rates...who knows? I don't think they do.

QE is ineffective...they're beginning to notice

Janan Ganesh says politicians view themselves as 'products' - he's right