Oh Please (Rubin — Can I Have Him On Rye?)

(Before It's News)

by Karl Denninger
Market-Ticker.org

Here we go again….

The three major democratic advanced economies—the eurozone, Japan and the U.S.—continue to experience significant economic challenges. The eurozone is weak and vulnerable; Japan has been in recession again; and while recent data have been better, the American recovery is still slow by historical standards, with stagnant median real wages and a labor market that is weaker than the official unemployment rate indicates.

The particulars of these economic challenges differ, but in each region one thing is constant: endless focus by the media, analysts and investors on the yellow-brick road that leads to central banks. Will the European Central Bank’s quantitative-easing program have major impact? How will the Bank of Japan proceed? When will the Federal Reserve raise interest rates?

Uh huh. Robert goes on to talk about, of course, that government ought to be spending money (it doesn’t have.) Specifics? Sure, Robert’s got those!

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