And the headline golden globe goes to…

U.S. Lacks Ammo for Next Economic Crisis”:

As the U.S. economic expansion ages and clouds gather overseas, policy makers worry about recession. Their concern isn’t that a downturn is imminent but whether they will have firepower to fight back when one does arrive.

They don´t even realize that for the past year they´ve done a lot of tightening, or that China´s recent “turbulence” in the FX market, following diminished growth, is a direct result of that tightening!

It appears they want a recession to come along! After all, the current “expansion”, which has been going on for 74 months, being already the fifth longest in history, cannot go on forever!

One thought on “And the headline golden globe goes to…

  1. Those Wall Street Journal boys cannot even bring themselves to utter the words “quantitative easing.”

    Because, you know, QE is inert and hyper-inflationary, and a tax on the rich or the poor, or everybody. And a bailout for the rich and asset-investors, or something like that.

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