In any other time in history the Fed's current policy stance would still be regarded as full crisis mode.
Don't kid yourself, they never normalized anything.
Balance sheet still north of $3.7 trillion.
Rates below the 1990s easing cycle lows and barely above the 2003 low. pic.twitter.com/RU9a5jz7UY— Sven Henrich (@NorthmanTrader) September 6, 2019
Tag: Banking Crisis
Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse
Guest Post by Doug Casey
You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were.
This brief article will explain why the world’s banking system is unsound, and what differentiates a sound from an unsound bank. I suspect not one person in 1,000 actually understands the difference. As a result, the world’s economy is now based upon unsound banks dealing in unsound currencies. Both have degenerated considerably from their origins.
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