ZeroHedge – The Complete And Total Failure Of Central Banks To Create Growth – 20 January 2014

ZeroHedgeSubmitted by Phoenix Capital Research on 01/19/2014 12:03 -0500

The Central Bank rig of the last five years appears to finally be ending.

Since the Great Crisis erupted in 2007-2008, Central Banks around the world have resorted to two primary tools in their efforts to reflate the system:

1)   Lowering interest rates

2)   Quantitative Easing or QE

Regarding #1, since 2007, Central Banks have cut interest rates an incredible 520 times. One could write a multi-volume book on the consequences of this, however, painting in broad strokes lower rates do the following:


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