Just What We Need…More Stimulus

Here we go again. The insanity is continuing with the same old worn out tactic. In a stroke of brilliance the Bank of England’s Monetary Policy Committee has decided to lower interest rates in the UK to a dismal 0.25% and as if that wasn’t enough they’ve also decided to flood their economy with 170 billion pounds. We don’t even know what Brexit means yet and already the powers that be are panicking. Not only are they panicking they are using methods that have been proven not to work. Artificial economic stimulus gives you very little bang for your buck. In the end your economy might inch forward but for that inch you will pay for it with several feet of debt. Why is everyone around the world so terrified of free markets? Continue reading “Just What We Need…More Stimulus”

Yes to Brexit

In short, the markets got hammered today after the news that Britain is leaving the EU. It’s stunning to me how violently the markets have reacted to this news. All in all I don’t view this as a good or bad decision, it is too early to tell right now. And I’m certain if the story was about Greece leaving the EU, markets would have reacted very differently. Continue reading “Yes to Brexit”