Unintended consequences

.
.Noutro angulo, Economias&Finanças, carpideiras e cantadeiras de serviço contra e a favor do Orçamento Geral do Estado 2016,
.
.as camadas por cima do OE de 2016 segundo a narrativa destes:
.
=Draghi’s Giant Giveaway; More Handouts for Wall Street
.
“Last week, European Central Bank chief Mario Draghi announced a much bigger and wider-ranging stimulus package than anyone had expected. Unfortunately, the ECB’s bond buying program will have no impact on employment, business investment, inflation, lending or growth. It will, however, create a temporary incentive for corporations to buy back more of their own shares while providing more cheap cash for banks to roll over their prodigious pile of debt which otherwise would have dragged them into default.”
.
“All in all, Draghi’s turbo-charged QE should do largely what it was designed to do, shift more cash into overpriced financial assets while perpetuating the illusion that the EU banking system is still solvent.”

.
“In theory, the ECB’s buying of corporate bonds will lower funding costs for corporations which will then trickle down to working people through increased investment, more hiring, and eventually higher wages. That’s the theory at least. But after seven years of similar QE-iterations, we can safely say the theory does not jibe with reality. What actually happens is that the money stays largely in the financial system where it ignites more reckless speculation that leads to even bigger asset-price bubbles.”
.
“Can Draghi’s latest monetary infusion reverse the trend?
.
Temporarily, perhaps, but long term, no way. Keep in mind, earnings have been steadily declining for more than two quarters, which is why Draghi and his fellows have swung into action. The CBs are attempting to extend the business cycle in order to shore up flagging earnings and keep stocks airborne for a little while longer”
.
“Ostensibly, Draghi’s plan to buy corporate bonds is an attempt to reduce financing costs for European companies.
.
Why? Aren’t financing costs low already?
.
Yes they are, extremely low. But, once again, we have to refer to the theory, and the theory states that if financing costs are reduced, then corporations will expand their operations, hire more workers, and invest in the future. That, in turn, will stimulate more growth and strengthen the recovery.
.
The problem is, the theory is flawed. Corporations don’t expand their operations or hire more workers when demand is weak. And demand IS weak mainly because central banks have worked with their government counterparts to keep it weak by slashing deficits and intensifying austerity.”
.
Draghi knows this just like he knows that consumption in the Eurozone is shrinking not expanding. And the reason its shrinking is because Draghi and his ilk want unemployment to remain high in order to keep inflation low.
.
http://www.unz.com/mwhitney/draghis-giant-giveaway-more-handouts-for-wall-street/
.
(cada um tempere qb e deguste a prazer pessoal)
.

.

GostarGostar

Que tema é este que eu não percebi? Sexo tântrico?

GostarGostar