Federal Reserve | timiacono.com - Part 4

Sam Zell on Future and/or Current Recessions

Billionaire American business magnate (and frequent gold mine for business news shows) Sam Zell thinks that the U.S. economy isn’t doing so well at the moment.

Also see this segment where Zell offers up some thoughts on Donald Trump – their relationship over the years and his chances of ending up in the White House.

The New Abnormal

In this Telegraph story, the brave new world of negative and near-negative interest rates is mapped for anyone interested in seeing just how far central bankers have strayed from anything that might be considered “normal”.

Some related “success” to report from Sweden:

We just got a sign that Sweden’s crazy negative interest rate experiment is finally working

Uncork the champagne everyone…

Haven’t heard from Investment Biker Jim Rogers in quite a while and, in this interview with CNNMoney’s Nina dos Santos the other day, he’s looking a bit jowly, but he still makes a good deal of sense in his assessment of the world’s central bankers.

Highlights include:

We’re all going to pay a horrible price for the incompetence of these central bankers. We got a bunch of academics who don’t have a clue what they’re doing … This is going to be a disaster in the end and you should be very worried and you should be prepared.


The “glass half empty” folks over at Zero Hedge hoisted this item back up the other day, no doubt aimed at anyone basking in the schadenfreude, now coming in wave after wave, associated with the ongoing global stock market swoon.

Of course, this classic Quantitative Easing Explained xtranormal offering pops up as a related item when viewing the video above at YouTube, helping to explain why BTFD may not be working so well anymore, that is, until QE4 arrives.

They’ll Probably Ask About This…

Federal Reserve Chair Janet Yellen just released her semi-annual Monetary Policy Report to Congress and will soon trudge up to Capitol Hill where, based on the chart below, she’ll have some ’splainin’ to do.

Question number one for those elected officials who aren’t otherwise preoccupied with such things as auditing the Fed will likely be, “Do you regret raising interest rates two months ago?”, for which Yellen will surely have an eloquent prepared response.

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