Juggling Dynamite

Danielle was a guest on The Financial Survival Network with Kerry Lutz, talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

Hubris and undeserving crowd worship have made it nearly impossible for central bankers to admit they have made a monetary mess over the past 20 years. But everyday now, more and more talking heads are admitting the obvious.

Jason Trennert, chief investment officer at Strategas Research, and Bloomberg’s Michael McKee examine what has changed in the nine years since the start of the financial crisis and look at the effectiveness of monetary policy. Here is a direct video link.

And when you have Paul Krugman–who was an early advocate for quantitative easing and inflation targeting and saying that the practice had no downside–now finally acknowledging that these measures were no game changer capable of sparking an economic recovery, you know Fed policies are losing believers.

The thought has occurred to me and others of late, see: Is Trump purposely sabotaging his campaign?

“…let me throw out another theory, one that assumes that Trump isn’t as dumb or crazy as he looks. Maybe the meltdown of the past three weeks was no accident. Maybe it’s all part of his new strategy to get the hell out of a race he never intended to see through to its end anyway. Because, unless he is just “crazy,” the only explanation for the unusual ramping up, day after day, of one disgustingly reckless statement after another is that he’s doing it consciously (or subconsciously) so that he’ll have to bow out or blame “others” for forcing him out. Many now are sensing the end game here because they know Trump seriously doesn’t want to do the actual job — and, most importantly, he cannot and WILL NOT suffer through being officially and legally declared a loser — LOSER! — on the night of November 8th.”