Tuesday, 20 January 2015

#CENTRALBANKS SNB #ECB FED ETC #BANKING

"The Swiss National Bank's removal of the franc's peg to the euro last week had far-reaching consequences because we were all taken by surprise. The fact that it would (and should) happen eventually was not lost on the market, but the SNB was as late as last week end talking tough and telling the market that the floor was an integral part of Swiss monetary policy – until it suddenly wasn't any more.!

Mor

"As noted earlier, one of the more irrelevant events that took place overnight was that the IMF once again cut its outlook for global growth. Irrelevant, because this is precisely what anyone who has seen the IMF in action in the past has come to expect (see "IMF Comedy Hour: The Complete History Of The IMF's Growth "Forecasts" Since 2012", "The IMF's Comedy Of Quarterly Errors Reveals The Biggest Hockeystick You Have Ever Seen", "Comedy Of Forecast Errors: Here Are The IMF's Latest Projections Of Economic Growth" and so on). Sure enough, here is what the latest "global growth forecast" looks like: everything else is flat except 2015P which was cut from 3.8% to 3.5%, and 2016 was also cut by 0.3% to 3.7%."

And so, the WHOLE HOUSE Of CARDS, starts a TUMBLING DOWN.

oh DEAR <g>

The White Rabbit! aka Freeman Money ... ;~)
#BankstersRabbit  
Op. #OTB Has Started 99% HEROES WANTED! :-)




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