JUST FOR OPENERS

It shouldn't surprise that MSM gloats over every tiny glimmering bit of economic data like recent existing home sales rising for the second straight month, trying to spin such in as positive light as they can.

We've said before and we'll say it again most of MSM are Keynesian shills for the Federal Reserve. We've said before and we'll repeated it: The Fed in particular and central bankers in general are clueless with the Fed given it recent warning about a June or July rate hike, looking for an exit. They need to CYA and rescue their friends in big banking.

Along with the spin about existing home sales or whatever, these purveyors of bureaucratic nonsense usually toss in a line or two about steady job growth and low interest rates. Well, here's something you might want to read about low interest rates and how effective they really are in revamping economic growth. businessinsider.com/the-world-economy-is-running-on-monetary-fumes-2016-5?

And here's a quote from the article to whet your reading appetite.

As our new Council on Foreign Relations Global Monetary Policy Tracker shows, a record 23 countries — accounting for a quarter of world GDP — now have central-bank policy rates of zero or less. A further six — including the United States — have policy rates of 1 percent or less. This means that the scope for monetary stimulus using conventional tools, such as policy-rate cuts towards zero, is — as the graphic below shows — nonexistent or limited in nations accounting for 60 percent of the global economy.

But what about unconventional tools?

Central banks in Europe and Japan have shown that monetary policy rates can go below zero, but there is a lower limit. This is because banks and individuals can switch to holding physical cash — which pays zero interest — instead of deposits earning negative interest. Holding cash is not costless, particularly large sums that need to be stored and insured, which is why slightly negative rates can potentially be effective.

Just in case you don't get it: Investments--yes, we said investments--like putting cash into zero interest rate holdings and the notoriously MSM maligned-pay-nothing yellow metal, gold, are the actual high yield investments here. 

Both are the worst nightmare for bureaucrats and central bankers everywhere who want nothing more than you to open your already strained wallets and spend more and take on more debt to bail their pathetic butts out. Unlike their banker friends, however, they won't be around to bail you out.

These people subscribe and want you too likewise to swallow the belief that there is no such law as the law of limits. With monetary stimulus already there, you're already hearing from the Keynesian crowd to roll out their last supposed big gun, fiscal stimulus. In short, pile more debt on the heads of already drowning taxpayers.

That's should remind of an old song, "Hard Hearted Hannah." She was last seen down at the seashore with a great big pan pouring water on the head of a drowning man.

The world is drowning in debt. Debt has a lot of different names, like a thousand trillion derivatives afloat out there. And that's, just for you poker players, for openers.