GoldFix (private feed for gemselle@yahoo.fr)
Technology
Podcast: "There is no easy way out of this mess"
Several calls today. One triggered an impromptu podcast message on QE. Very rough draft of a University lecture in the fall as inspired by a colleague whom the title is quoting. Sharing it with you all..(Some profanity)
Bottom line: You were right. QE and easy money are an addictive drug. They’ve known this since 2009. Now the G7 is in the process of getting off it.
Loosely listed topics:
* There is no easy way out of this mess
* The Western Easy Money Debt problem.
* We have the bad inflation now..
* Same problem, different solutions
* The real problem… preserve status quo while transitioning
* US Style: tight monetary, easy Fiscal
* Middle Class Death: The 1970s parallel
* Japan style: YCC slow pain
* UK Style: Mini budget disaster
* QE/ Drug addiction Analogy
* Drug analogy in US and UK
* US: less drugs, more exercise
* Japan: Not discussed… different drug
* UK: Cold Turkey mini budget panic
* Why the middle class suffers
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