The dollar is doing ok. The problem with valuing assets at mark to market is that it exacerbated a housing crash and turned it into the Great Recession. If central banks want to stupidify themselves again with that notion, that could be a problem. I wonder if the author believes that the central banks would actually do that so soon after the Great Recession?

Yes, we are locked into a sterilized world. Real helicopter money is not sterilized. And it is not a continual universal income, but it is a permanent increase in the money supply. Eric Lonergan is the standard bearer for real helicopter money.

Also, I am encouraged to read that Nigel Farage is not a fan of Donald Trump, having reservations about him.

The bond bubble people are hopelessly clueless, as you point out, Cina: "Private demand for the bonds, however, has sky-rocketed. Demand is so high that the U.S. can afford to pay historically low interest rates. The 10-year U.S. Treasury hit a record low of 1.34% earlier this year, before bouncing back to about 1.58%, currently."

I think people are buying food and cars, not clothing and discretionary items. That could effect manufacturing down the road.

I would rather have the workers than dog food I can't trust and toxic flooring and furniture permeating American furniture stores. I once saw a tag for a piece of furniture that came from an emerging Asian nation, and it had the port of entry being Coalinga, California. I grew up in Coalinga, California, and it lies in the Central Valley of California, about 100 miles from the Pacific Ocean. There isn't even a lake near Coalinga, let alone a port.

The same furniture had a tag showing that the formaldehyde level was acceptable. if you are allergic to formaldehyde in building supplies, I assure you that it was not within the acceptable level.

So, if any Wall Streeters wonder why there is a backlash against foreign products, it is not hard to find a reason why. And now there is a movement to hide the origin of beef that winds up in America. That is unacceptable.

And it is typical of the lousy trade agreements we forge. If the presidential candidate pushing better trade deals was not such a hopeless flake, maybe some of this abuse of the American consumer would change.

Those negotiating these deals and those regulating what comes to our shores should be given more backing, or the backlash will continue for years to come.

But fiscal stimulus is just another way for Wall Street to get its bonds, while the American public gets very little in return.

I am not big on the fiscal spending, as Krugman gives away what is the real reason for that: www.talkmarkets.com/.../paul-krugman-wants-to-bless-us-but-it-is-mostly-for-wall-street However, helicopter money in pure form can work, bypassing the need for government fiscal spending..

Why would there be a bloodbath when people like Summers, Kocherlakota and Krugman all say there are not enough sovereign bonds in the world to act as collateral?

There is rent inflation in what the market monetarists call closed access cities, and there is price inflation on high end houses. But lower end houses in open access cities have leveled off, since buyers have abandoned the markets. Also the impact of a tightening of the money supply leaves the future in doubt as to prices.

Closed access cities are those that have the best paying jobs, coupled with stringent building rules. SF, NYC, LA and Boston are examples of closed access cities.

Demand can push rates negative if the people needing the bonds for derivatives collateral decide to pay negative rates in order to buy the sovereign bonds. It is happening all over Europe.