All My Creations
Jan 21, 2021
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Native Americans had an expression … “All My Relations”… referring to a felt kinship with the other (non-human) fauna and flora.
Modern governments have an expression … “All My Creations” … referring to a felt need for anti-human money and credit.
Once Keynes authorized artificially stimulating the economy, it became kind of a snowballing fad. An issue is that it benefits Wall Street a lot, Main Street only a little. The actions of the central banks are making the rich richer and richer.
When it comes to financial assets, yields vary inversely with prices. The lowest yields in history indicate prices that are . . . insane . . .
https://www.thestreet.com/mishtalk/economics/new-all-time-low-junk-bond-yield-is-the-fed-worried
