We are still dealing with the 2008 Crash. It still hangs over the world economy. The pain from that time is not forgotten. The economic bruises are still sore.
All of the conjuring from the central bank wizards, all the “stimulus,” the QE, the ZIRP, now NIRP, Operation Twist, all of it and the bruises are still too raw to touch.
Maybe we should have just let markets clear 8 years ago huh?
(From The Washington Free Beacon)
The International Monetary Fund downgraded the economic growth outlook for the United States to 1.6 percent in 2016, which is the largest one-year drop seen for an advanced economy, according to the Fund’s World Economic Outlook report.
According to the report, the United States grew at a rate of 2.6 percent in 2015 and is projected to slow to 1.6 percent in 2016, a decline of 38 percent. The United States’ decline in growth is the largest one-year drop seen in all of the advanced economies such as the United Kingdom, Canada, Germany, Italy, and Spain.