a big enough yawn can turn the world to shit
Have central banks run out of weapons?
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more. They've pumped trillions into financial systems and driven interest rates about as low as they can go - even below zero in Europe and Japan. Yet after several years, the results are ... meh. As central bankers met last week at an annual conference in Jackson Hole, Wyoming, the global landscape remains bleak. Growth is sluggish. Inflation barely registers. Businesses won't invest. And consumers remain mostly hunkered down eight years after a ... (full story)