Central bankers, those oracles whose every pronouncement is poured over like some holy writ, met in Jackson Hole, Wyoming for their usual symposium. And the result of the meeting is a punt.
In what may be a rare instance of honesty, officials from the Federal Reserve, the Bank of Japan, and the European Central Bank said their efforts to stimulate the economy will likely fail unless government officials take the initiative by taking “bold measures.” It seems they are having trouble convincing market participants that things are better than they seem.
Can you imagine the measures they want governments to take?
Small businesses and local mfg need to increase..!! God Bless America..,!!!
Daniel’s comment above cldnt make the point better so I concur with his comments.
BS it seems all these bankers are failing, let’s see they are bankers so how can you fail. Or do you mean for the people not for you and wall dtreet.
But….but…. didn’t Obama bail out the banks 8 years ago and save them? Save them like he saved health care? Saved them like he saved national security? LOLOLOLOLOL