Yes, but, when in history did governments create so much money over so long a period?
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Robertson will be proclaiming later today that ‘the economy is in great shape’
Personally thinking we're all living in cloud cuckoo land at this point, not just the Swiss.
And as for the American oversight of their banking system, allowing a NZ $300bn bank to fall over due to little to no interest rate hedging being in place. And it all goes back to Trump's stupidity, removing the supervision oversight for mid-size US banks.
Confidence is very fragile at this point. And confidence is absolutely key, "whatever the facts of the situation..."
What else is going to break after the stupid Saudi comments in Europe ?
What's the next US midsize bank to fall over due to lack of regulatory supervision?
What's next to lower confidence in the safety of the banking system in the eyes of depositers, even if their deposits are guaranteed to US $250k.
The Fed can't guarantee the lot, can't backstop the lot, if this scales up
Wait and see is not much of a strategy in my book anyway...
Credit Suisse turmoil: Markets tumble as bank fears go global
https://www.nzherald.co.nz/business/...PSMHUFKQHWDZI/
Rocky Horror Show.
Whole market looks like it's continuing to slowly sink into the proverbial muck ..
Amazing .. all triggered over just one unsteady peg in the US banking wall coming loose & falling ..
Supermarket prices are declining into the muck, slowly sinking, everyone furious their weekly shopping is getting cheaper, customers running out of the supermarket leaving trollies full in isles.
How about;
Whole market future returns are slowly rising out of the proverbial muck, everyone becoming happier about the more rosy future.