{"id":22517,"date":"2017-03-09T12:08:56","date_gmt":"2017-03-09T19:08:56","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=22517"},"modified":"2018-12-21T01:25:32","modified_gmt":"2018-12-21T08:25:32","slug":"economic-poetry-lynette-zang","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/economic-poetry-lynette-zang\/","title":{"rendered":"Economic Poetry By Lynette Zang"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/tvNXY3aihC8?ecver=1\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>It was just eight years ago today,<\/p>\n<p>a central banker bull market came to play Its job was clear,<\/p>\n<p>to calm us down from the financial crisis that had come to town Born from a flood of new taxpayer cash,<\/p>\n<p>given to the banks as reserves to stash Though lending it out was what they were supposed to do,<\/p>\n<p>to stimulate the economy, instead we got poo Reflating the markets was really the goal,<\/p>\n<p>to rebuild the confidence of the young and the old And that is exactly what they have done, though frankly I don\u00e2\u20ac\u2122t think for most, it\u00e2\u20ac\u2122s been fun<\/p>\n<p>They say that most are now employed, and this should bring us a lot of joy But new studies show the truth of it all, most of us fiscally, have hit a wall Half of this country cannot write a check to cover an emergency costing $500 bucks or less<\/p>\n<p>But what does that matter when as we can see, corporations have gone on a debt shopping spree<\/p>\n<p>With interest at zero, corporations massively borrowed, with bail-ins the law why worry about tomorrow?<\/p>\n<p>And what have they done with all of this new money? Why bought out the insiders, isn\u00e2\u20ac\u2122t that funny?<\/p>\n<p>If things are so great why would insiders sell?<\/p>\n<p>Because real leverage in the markets is impossible to tell The derivative monster was never really tamed,<\/p>\n<p>now it\u00e2\u20ac\u2122s infiltrated every financial product so who\u00e2\u20ac\u2122s to blame?<\/p>\n<p>And does it really matter when these markets crash? Who will be hurt when there\u00e2\u20ac\u2122s no longer cash?<\/p>\n<p>It is always the taxpayer that takes it on the chin, yup, it\u00e2\u20ac\u2122s their wealth that transfers and the 1% that wins. I\u00e2\u20ac\u2122m not sure why it\u00e2\u20ac\u2122s so hard to learn this lesson, but central planners know this and likely talk about it in their sessions.<\/p>\n<p>With interest rates this low and stock markets this high, to me it\u00e2\u20ac\u2122s apparent&#8230;pigs can fly<\/p>\n<p>This time is not different, mathematical laws do not change and when this market crashes, there will be a lot of pain. Black swans are circling<\/p>\n<p>, just one is ISIS, but remember there are always opportunities during a crisis Could this be the reason, central bankers buy gold?<\/p>\n<p>It\u00e2\u20ac\u2122s the oldest form of money that one can hold. And so in closing, I\u00e2\u20ac\u2122d like to say Happy Birthday Bull&#8230; market, may you have an up day.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22518\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Monetary-Base-QE.jpg\" alt=\"Monetary Base QE\" width=\"669\" height=\"446\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Monetary-Base-QE.jpg 669w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Monetary-Base-QE-300x200.jpg 300w\" sizes=\"auto, (max-width: 669px) 100vw, 669px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22519\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-14-17-Debt-Debt-limit-vs-gold.jpg\" alt=\"\" width=\"1075\" height=\"743\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-14-17-Debt-Debt-limit-vs-gold.jpg 1075w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-14-17-Debt-Debt-limit-vs-gold-300x207.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-14-17-Debt-Debt-limit-vs-gold-768x531.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-14-17-Debt-Debt-limit-vs-gold-1024x708.jpg 1024w\" sizes=\"auto, (max-width: 1075px) 100vw, 1075px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22520\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Central-Bank-Gold-Buying-Trend.jpg\" alt=\"\" width=\"1025\" height=\"604\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Central-Bank-Gold-Buying-Trend.jpg 1025w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Central-Bank-Gold-Buying-Trend-300x177.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Central-Bank-Gold-Buying-Trend-768x453.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Central-Bank-Gold-Buying-Trend-1024x603.jpg 1024w\" sizes=\"auto, (max-width: 1025px) 100vw, 1025px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22521\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Corporate-Debt.jpg\" alt=\"\" width=\"620\" height=\"721\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Corporate-Debt.jpg 620w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/03\/3-9-17P-Corporate-Debt-258x300.jpg 258w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was just eight years ago today, a central banker bull market came to play Its job was clear, to calm [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":25707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[],"class_list":["post-22517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=22517"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22517\/revisions"}],"predecessor-version":[{"id":22523,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22517\/revisions\/22523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/25707"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=22517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=22517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=22517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}