Summary of central bank stimulus at this moment (via GS)
Here is a breakdown from Goldman Sachs that nicely presents that massive amount of stimulus measures undertaken around the world. These numbers are mind boggling when we realize that all this money has not been able to create any significant growth for economies around the world.
Maybe this year will be the year the the ECB winds down or starts to slow its QE program (as they are claiming they will do starting in March – which I do not believe). Or maybe the BOJ or ECB will completely run out of bonds to buy… The thing with the BOJ is that they have been playing this low interest game for over 20 years! Showing everyone that while the can may be dented (possibly permanently dented) it can continue to get kicked down the road…
If the Fed is actually on a rate hiking path, even if it is slow, I believe that the other central banks around the world are going to take note and slowly shift course. This is predicated on the Fed continuing down the rate hiking course and not implementing another QE program. We could be seeing a very slow transition in central banking policy for better or worse.
🙂
House GOP holds closed-door session to take control of ethics office, or suppress their unethical behavior. They held the vote before the new congress is sworn in. There were 119 votes to cover thier tracks. So far, there are no names listed in public, but these folks sure have exposed who is unethical…
The move effectively gives the ethics oversight and investigative role to the lawmakers themselves and prevents information about investigations from being released to the public.
Goodlatte’s office said the amendment was intended to increase protection of due process rights for House representatives or staffers under investigation and grant them more access to basic “evidentiary standards.”
The amendment bars the office, which would be renamed the Office of Congressional Complaint Review, from considering anonymous complaints and complaints about activity from before 2010.
drain the swamp……term limits…….
+1
That was reversed, Chartster.
http://www.zerohedge.com/news/2017-01-03/trump-wins-again-house-gop-reverses-ethics-change
Yes! And more from DC (district of criminals)
http://www.politico.com/story/2017/01/gop-congress-ethics-office-233123
drain the swamp………..
I still want to see “who” the 119 votes were.
+1
That particular Body on Ethics did not even exist before 2008.
There are other bodies (at least 3) which are much more effective at looking into ethics.
Why in the world would we expect, or hope for, economic growth from money creation? Money creation is theft. Oh, that’s right, “thou shalt not steal” is a primitive notion cooked by a 5000-year-old shepherd. Those who hate His Word can’t do right and, therefore, will not prosper.
Sentencing Delayed For Former Official In United Bribe Plot
Associated Press – 2 minutes ago
NEWARK, N.J. (AP) — A former transportation official and mentor to New Jersey Republican Gov. Chris Christie won’t be sentenced in a bribery scheme until March.
David Samson, who once headed the Port Authority of New York and New Jersey, admitted pressuring United Airlines to restart a money-losing flight from Newark to South Carolina so he could travel to a weekend home.
Samson was to be sentenced Thursday. No explanation was given in court documents Tuesday or by the federal prosecutor’s office for the postponement.
Last July, he pleaded guilty to a bribery charge and acknowledged he schemed with a lobbyist to delay approvals on a project sought by United at Newark Liberty International Airport as a way of getting the airline to re-launch the flight, which insiders jokingly referred to as the “Chairman’s flight.”
Pt and Pd screaming up!