Economic Deterioration Explained – 09.02.2016

A backdrop to the current economic situation. All government efforts have the effect of retarding economic progress, rather than adding to it. The Japanese experience is instructive. Why the economy is vulnerable to a renewed downturn (the mortgage market). Why the economic situation is already locked into a death spiral. Domino’s Pizza have started drone delivery in New Zealand. Deutsche Bank’s continued slide into bankruptcy and its effect on the banking sector. Increases in disposable incomes impeded by lack of investment and fear. An appraisal of the Jackson Hole conference last week of central bankers and their friends and Janet Yellen’s pathetic contribution.