Why Is Everyone So Afraid?

What is out there that has all the world’s Central Banks either holding interest rates near Zero or even going negative as some European Central Banks have recently begun?  After all, a steady meme of  ”all is good”  is repeated daily through every Main Stream Media outlet. Metrics showing a steady albeit underwhelming growth are paraded weekly in front of the hungry investment class. The same pundits shout out for anyone that might be still listening just how wonderful the Central Bank’s money printing has been for the economy. Yet 5 years later after the great recession was declared “Over”, we’re still printing. You remember that don’t you? Remember? In LATE 2008 in a backward looking pronouncement a “recession” was declared that began in late 2007. BUT what was amazing is that less than 12 months later the “recession” was declared to be “over”. Yet we still have a ZERO interest rate policy. How can that be?

I know that our “unemployment” is improving with the “new math”. You know……subtract one million full time jobs with good pay and benefits and then ADD 1.2 million part time jobs with lower pay and no benefits which equals 200,000 new jobs for the BLS (bullshit lower salary) report. They feed that to you the first Friday of every month at 8:30 EST and tell you you’re “winning” the war against deflation.  

One of my favorites is the CPI index and just how incredibly stable it has become as the various metrics within it are constantly juggled by the bean counters to show NO inflation…..even as numerous essentials within it are blowing through the roof.  

Its all good. Ignore the record 96 million Americans 16 and above no longer working. Ignore the 50 million Americans on Food Stamps. This isn’t a depression because in a depression people stand in line for food. Not this one. They figured out how to stop that detail by printing EBT cards that are indistinguishable from everyday Credit Cards. In fact JPM issues them for the Government……LOL. You can’t make this stuff up.

So go ahead and swallow that statistical sandwich that you’re fed, but just remember, you can fool an awful lot of people all of the time, but one day Nature is going to slam the door on your CONfidence game. CONfidence is all you have and you’re losing that game. gl