News Analysis: Nations’ Central Banks, led by the U.S. Federal Reserve and its Chairman, who is departing shortly, used up his “Ammunition” against Deflation by keeping Interest Rates near Zero . Now what can he or his Replacement Minion do to lessen rates even further, if needed?
After five and one-half years, where is the “Great Recovery” his Cohorts in the U.S. White House promised voters. The “Shuck and Jive” that the Media have been passing on to the Public originated in the White House.
The touted Stock Market Recovery has been a “Bubble” with no substance to support it. Where are the heavy earnings to support the high Stock Prices? Where is the Abundant Manufacturing and Exports of Goods needed?
Now, Investors around the World appear to be understanding that a “Bubble-Master Created Bubble” may soon burst; as did the Real Estate Market and the Precious Metals Market.
Those who hold Bonds can expect elevated Interest Rates to destroy Market Values of the Low Interest Yielding Bonds fashionable during the “Bearded” Federal Reserve Leader’s questionable Reign.
Those “Masters of the Universe” in Banking, Commerce, and Finance who did not see the Debacle of 2008 looming in their immediate future (at that time) apparently again suffer from Myopia in not seeing the pending World-Wide Slump awaiting them shortly.
As for the U.S. White House and its lackeys, if things collapse, and they get dis-spirited, they can always fly to Las Vegas, Nevada and be entertained by their friends (as they did when Benghazi, Libya was on fire a couple of years ago).
Reality.
Reference: http://www.thejakartaglobe.com/business/asian-shares-dive-as-fed-cut-sparks-emerging-market-fears/