The world economy remains in recession and is dragging the U.S. lower
despite the safe-haven aspects of the U.S. Demand is simply higher than supply but
commodities may have bottomed.
The Middle East remains a powder-keg. Saudi Arabia has entered into
trade agreements with both China and Russia to sell oil without using
the U.S. dollar as the medium.
Negative interest rates do not seem to create growth based upon
Japan's and Europe's experiences to date ... the law of
unintended consequences continues to befuddle Keynesian economists.
Keynesian economists control the world’s central banks and are responsible for creating booms and busts
since the 1920s. Each cycle has accentuated the wave of economic and
financial conditions that eventually will shake the world’s economic order to its foundations
after a Minsky moment.
To read the full article