BIS, money and the “prolonged depression”

The charts illustrate how “tight money” has shaped the “Prolonged Depression”, and there´s no indication that that state of affairs is about to change (just read some of the “excited” comments on the latest jobs report). It’s human nature: over time it will just become the “normal state of affairs”, or the “new normal”, which some spoilers insist in calling the “Great Stagnation”! [Note: the trends start in 1992]

























Update: Couldn’t resist this one:

Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary policy in a post-crisis world: U.S. Federal Reserve Chairwoman Janet Yellen and International Monetary Fund Managing Director Christine Lagarde. Before a veritable who’s-who in international economics packing the IMF’s largest conference hall, the two covered all the hottest topics in debate among the world’s central bankers, financiers and economists.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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