Ten Major Economic Headwinds as Central Bankers Fail to Understand Forces Holding Back the Economy, by Mike ShedlockQuicklink submitted by Ethan Hollow Permalink
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|Central bankers Debating the Limits of Power in Jackson Hole are wondering what's holding back the economy. 'What is holding the economy back? Why is it that we've had such incredibly accommodative monetary policy for so long (but) we've had so little growth? I think it remains a puzzle,' said Donald Kohn, who is now a senior fellow at the Brookings Institution think tank in Washington. Ten Major Headwinds 1,Boomers heading into retirement have insufficient savings 2,Student debt holds back home-buying, marriage, and family formation 3,Ability and willingness of individuals and businesses to take on more debt has shrunk dramatically. Attitudes towards lending, borrowing, and home ownership have changed. 4,Bank bailouts at taxpayer expense left banks intact but did nothing for households deep in debt... 11, Military-industrial complex 12,Centralization 13, Corruption|
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