With the dollar falling once again, crude oil trading tumbling below $60 and continued uncertainty in global markets, today King World News wanted to take a step back and look at 4 of the most astonishing charts of 2015.
The following charts are from the Wall Street Journal. The first chart below from WSJ shows that the Fed is well below its inflation target. So much for raising rates. Does this also open the door for additional QE?
Meanwhile, the second chart below from WSJ shows that Deutsche Bank believes that the U.S. dollar is now in the middle of a cyclical upswing. It will be interesting to see if the previous pattern of dollar rallies fails from here or the dollar continues to surge. As KWN has noted, the hedgers are historically extremely short the U.S. dollar at this time.
The third chart below from WSJ questions why the Bank of England isn't worried about deflation?
With all of this as the backdrop, Mark Mobius asks: "Will QE in Europe work?" And then warns, "Banks haven't been lending, people haven't been spending."
These astonishing charts from WSJ illustrate the great global distortions that have unfolded as a result of Western central banks embarking on one of the most insane and ill-fated monetary experiments in history. There is no question that this will all end badly, it's just a question of when it will implode and how much human suffering will take place as it all comes crashing down? To subscribe to the Wall Street Journal CLICK HERE.
***ALSO JUST RELEASED: This Is What Is Really Happening In The United States And What Surprise To Expect This Friday CLICK HERE.
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