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More “Ivory Tower” Lunacy
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/21/2016 – 14:00
Many times when I’m speaking with others and make reference to “Ivory Tower” types I can tell the reference either gets lost or, is not fully appreciated for what it actually means in today’s world of monetary policy, and its direct correlation to business in general. Some take it as just some reference to a certain crowd acting aloof from the realities of such interventionist policies. In other words, i.e., They understand the concept where many a business professor in today’s academia may hold that title having never run a business themselves. However, what I refer to as the “Ivory Tower” types is something far more pernicious in today’s economic climate, as well as, malaise.
Nowhere was this more on display than what I witnessed on Bloomberg™ television this morning. On one of their morning shows called Bloomberg
The guest was editor in chief emeritus of Bloomberg News™ Matthew Winkler. The discussion revolved around the efficacy, as well as, why they (negative rates) should not be feared. The reasoning? (I’m paraphrasing) “Plenty of people (e.g., Larry Summers et al) would argue negative rates are a segue or an extension of QE such as former Fed. Chair Ben Bernanke.”
The post More “Ivory Tower” Lunacy appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/21/more-ivory-tower-lunacy/
