Ever wondered why about the following:
why NIRP exists
why ZIRP didn't work
why world growth averages keep descending
etc
A fews back I talked about a new economics on this forum. It seemed then that everything tried by the Central Banks was experimental and introduced new realms of instability in the fundamentals of our lives. It was generally though that Newton in reverse was the same as Everything that goes up...Well guess what, everything that goes down can keep going down (with the exception of markets frenzied by stock byebacks and low low interest rates...but then maybe those days are coming to an end too).
Quite simply the effects of the internet and the rise of FAANG's influence in everyday life are decimating our past living practices and are working against CB weaponry to create growth. Interest rates aren't worth a zac in old world monetary policy and are being replaced by QE.
The GFC never ended. It's alive in everyday economics changing a world with cumbersome financial practices.
Change is happening, it's inevitable, has a long way to go, will generate new industries and efficiencies. Wait 10 years. A new economics will arrive with electric cars. The dinosaurs are definitely heading for the inevitable cliff edge running from an eruption of a new future.
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The new economics
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