We just have to hope people will continue to shy away from the concept of self driving cars. I believe people do not want them and will not want them when they realize that they are flawed technology and will always be flawed technology. They will not work at high speeds, with cones in the roads, with deciding whether to go through yellow, as is allowed in Nevada but not other states, etc. I think self driving cars are a bit of a con, and that #ElonMusk is a carnival barker. As far as #Google is concerned, they will not be self driving, but likely tied to a centralized computer. Hack that and you cause a million accidents. I don't think America will buy it. #selfdrivingcars

Thank you for that information about the Canadian version of MBSs.

Crony capitalism is the new communism. But I agree that freedom and the Eurozone are not synonymous. The Eurozone is globalization. Keep in mind that J Edgar Hoover was in Dallas the day JFK was assassinated. He was in LBJ's tent.

Well, the real economy could use a little helicopter money, precisely doled out in a short time period. Why #ZeroHedge would be against helping the real economy simply because it views DB as being disingenuous is hard to figure out. Real #HelicopterMoney is base money stimulus and goes directly to the people, without bond swapping or any fiscal drag on government. It would make a lot of sense, and it beats #NIRP and #ZIRP. If Zero Hedge has a better idea, let's hear it. One point, though, how much it pushes yields up could be hard to determine, since demand for bonds won't wain for collateral. Zero Hedge has written about this collateral issue, and it could present a problem as long bonds are the most highly rated collateral, more highly rated than #gold itself.

#EricLonergan says real #HelicopterMoney does not involve the treasury or the use of bonds and government debt at all. This must be done by the Fed, not by the treasury, to be most responsible, as to government fiscal policy.

Thank you for confirming what few believe, but is most likely true. And shortages could increase if policy is established to weaken price and boost yields. It is a diabolical bond first world we live in. Bonds as collateral are going to be in increasingly short supply if we are to believe people who are in a position to know.

Thanks Tim. Ultimately, the key issue is not immigration, it is being able to hang onto your own currency. While that does not afford the growth that we have seen in the past, it always exceeds Eurozone growth, which is nil.

Sterilized money is all they print. So, they could be hindering the economy. I think they want to hinder any prosperity, because they, again want to protect the collateral, and keep yields low. You watch, slow growth is the new normal and so is massive demand for bonds as collateral.

Keynes says spend through government #debt. #Friedman and #Lonergan say pay base money one time to expand the money supply. I think that is more responsible than any government debt expansion. JMO, Doug.

I slightly disagree. I believe they fire their bullets at the wrong targets, creating imbalances. But if they have no bullets, we are looking at hurtful nominal interest rates on bonds in the not so distant future. #Bonds are in massive demand for the derivatives markets. It is skewing the reality of the bond market. It makes bonds behave strangely, with yield in relentless decline.