Juggling Dynamite

From madness to even more madness, central banks keep driving herded capital off the edge of all reason…the effect is imploding wealth, not increasing it.

The Bank of England’s expanded quantitative-easing program ran into a stumbling block on just its second day as investors proved unwilling to part with their holdings of longer-dated bonds.

The central bank failed to buy enough gilts to reach its stated goal at an operation on Tuesday — the first such failure since it initially started quantitative easing in 2009. The yield on 10- and 30-year bonds fell to records after the operation. The BOE, led by Governor Mark Carney, said on Wednesday that it will incorporate the 52 million-pound shortfall into the second half of the six-month program.  Here is a direct video link.

Human costs compound as finance-engineered asset bubbles burst. Liquidity is evaporating worldwide as the cash crunch spreads from under-saved, under-employed households to over-levered governments and businesses.

First they had no pay, and then no work. For a time, there wasn’t even food in the squalid, concrete camps where they had been abandoned to live in the searing heat of the Saudi Arabian desert. Medical supplies dried up two months ago.

Owed weeks and weeks of back pay from construction companies squeezed by the kingdom’s economic slowdown, thousands of foreign laborers from South Asia face the grim uncertainty of how long their plight will continue.
Here is a direct video link.

Security exchanges should be providing a utility highway that is stable, transparent, neutral and fair for all traffic. Success must be earned not purchased as preferential treatment from the police. The current system is corrupt and has deservedly lost the respect and support of all thinking people (who are not participating in the rigging that is).

This IEX commercial explains why their new service is considered ‘revolutionary’.  Keep in mind that the largest high frequency trading firms and exchanges who have been grossly enriched by the purchased advantage system, fought the IEX application for years before it could be approved. It was only public awareness and outsiders pressing for reform that ultimately forced the SEC approval. We need a lot more of this on many issues.

Here is a direct video link.