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Author Topic: Central bankers are morons  (Read 1141 times)
polynesia
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October 26, 2014, 06:43:24 AM
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Central bankers are morons: Why bad economic news is treated as good news by stock market

http://firstbiz.firstpost.com/money/central-bankers-morons-bad-economic-news-treated-good-news-stock-market-106061.html

While this article on Firstpost is not directly connected to bitcoins, it talks about what ails traditional monetary systems - central banks printing excess money in the hope that it will kick start the economy into action again. Bitcoin should put an end to all this, once it is widely adopted.  Grin

In the aftermath of the financial crisis, central banks of Western economies started printing money.

Economist John Mauldin in a recent column titled The End of Monetary Policy estimates that central banks have printed $7-8 trillion since the start of the financial crisis.

This broke down the link between economic performance of a country and the performance of its stock market. The stock markets rallied anyway. This point was very well made recently by Claudio Borio, the head of the Bank of International Settlement’s monetary and economic department: “Buoyant financial markets are out of sync with the shaky global economic and geopolitical outlook. Overall, it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally. Financial markets are euphoric, in the grip of an aggressive search for yield, and yet investment in the real economy remains weak while the macro-economic and geopolitical outlook is still highly uncertain.”
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BTCIndia
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October 28, 2014, 09:22:50 AM
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People who call someone moron is probably moron too.



Remember all people who call you moron because of your belief on cryptocurrency?  Grin

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
polynesia
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October 28, 2014, 03:33:44 PM
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People who call someone moron is probably moron too.



Remember all people who call you moron because of your belief on cryptocurrency?  Grin

Those people would be in the majority. Smiley
It takes time for the crypto-currency to sink in.
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November 05, 2014, 07:07:07 AM
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The title of the article  is just framed for more TRP. It doesn't really back it up.

And yes, saying that they are morons is a bit extreme
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November 05, 2014, 07:50:04 AM
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The title of the article  is just framed for more TRP. It doesn't really back it up.

And yes, saying that they are morons is a bit extreme

Welcome to forum of radicals!

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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November 05, 2014, 04:48:04 PM
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The title of the article  is just framed for more TRP. It doesn't really back it up.

And yes, saying that they are morons is a bit extreme

They were successful in their aim. Smiley
Especially when it is a reputed site, titles like these draw more clicks.
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