The World Dependent on Central Banks by Ernst Wolff

The World Dependent on Central Banks
by Ernst Wolff, January 2018

The situation seems extremely contradictory. The economy grows, the stock market posts all-time records, the unemployment numbers fall and industry shows optimism.

We live in an exceptional situation that the world has not seen before. The global economic and financial system has been clinically dead since 2008. It only functions because it is artificially kept alive by the central banks like a patient in the intensive care unit.

$18 trillion was pumped into the global financial system and the interests were lowered 670 times.
In the first three months of 2018, corporations have spent $214 billion buying back their own stock.

This entry was posted in Financial Market Capitalism, Political Theory. Bookmark the permalink.

Leave a Reply