12 November 2015

Central Bank 'Tightening' and Dire Choices - History Looking 'Rhyme-y'

History says, don't hope
On this side of the grave.
But then, once in a lifetime
The longed-for tidal wave
Of justice can rise up,
And hope and history rhyme.

Seamus Heaney

'Raising rates' and 'tightening' looks more like offshoring and a shift change at the central banks' print shop.

Game of Swaps.

And in the second chart, the history of empire is starting to look choiceless and  'rhyme-y.'

Hope and change.  Change was led down a blind alley and strangled, and hope is on a bus out of town.