Quite an interesting interview. The role of central banks is to support the big banks not the economy, says PCR, while the big banks are just gambling rather than investing in businesses. He says how it makes no sense for companies to incur debts in order to buy back their own shares which weakens them. He wonders whether if the central banks can keep the financial system afloat indefinably by printing money.
Thursday, October 19, 2017
Paul Craig Roberts - Markets Fall When Dollar Falls
Quite an interesting interview. The role of central banks is to support the big banks not the economy, says PCR, while the big banks are just gambling rather than investing in businesses. He says how it makes no sense for companies to incur debts in order to buy back their own shares which weakens them. He wonders whether if the central banks can keep the financial system afloat indefinably by printing money.
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1 comment:
"He wonders whether if the central banks can keep the financial system afloat indefinably by printing money. "
Nice.....
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