The whole thing is ludicrous. Interest rates should have started rising in 2017. Instead, central bank's decided to leave them on hold or send them into negative territory to appease the likes of Trump, Morrison, Tory conservatives & other ****ers in Europe.
The reasoning behind is to cheapen the cost of money. The problem they are trying to cover up is the global economic slowdown. The 2008 bank crisis did not went away, was papered over by absorbing into the gov all the toxic assets.
When the cost of the currency is 0 corporations take advantage like drunken sailors pouring gasoline into the fire to put it out.
That did not solved the issue, only postponed the inevitable.
Central Banks are out of ammo. What needs to happen is to let it all crash, there is no other way, there is no fixing. This is the end my friend.
The idea came from an idiot called Ben Bernanke that won a Nobel Price for the shît-show that we are watching now.
Ben Shalom Bernanke[2] (
/bərˈnæŋki/ bər-NANG-kee; born December 13, 1953) is an American economist who served as the 14th
chairman of the Federal Reserve from 2006 to 2014.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 was awarded jointly to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig "for research on banks and financial crises"
www.nobelprize.org