Europe’s solution: Would you believe $1.4 TRILLION in free money for banks?
Remember at the “end” of the financial crisis when everyone from Timothy Geithner to Barack Obama to assorted members of British Parliament promised that “Never again” would anyone need to hand...
View ArticleEuropean Bank Kabuki Preview: Spoiler alert!
European banks are bracing themselves for another slap on the wrist and stern language, as the next round of sham “stress tests” begins. We’re not quite sure who exactly is stressed, but our inkling...
View ArticleNever go full retard: Bloomberg calls for “helicopter money”
Clive Crook, a member of Bloomberg View’s editorial board, has gone where the sensible have long feared to tread. In today’s Bloomberg View, he recommends stimulating the economy by just giving...
View ArticleOops! Philly Fed Admits QE widens inequality
Once again, the Federal Reserve proves that it’s the last one to know everything that we knew already. Today’s stunning announcement: The Philadelphia Fed admits they (“may have”) made the wealthy...
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