The relief measures show how stressed bankers are of questioning the value of currency and of currency volatility. Everyone is a winner besides those that hold money as rates drop further and money become worth less again. In economics, someone usually gets the short end of the stick. It just hasn't been that fiscally prudent people and non-gamblers get it the way they have been for the last decade.

Wage growth and job growth needs to be balanced out with cost of living calculations. With housing costs, education costs, and medical costs growing faster than wage growth it doesn't take a brain scientist to figure out why disposable income and the public aren't in buying moods. Gas price drops have helped offset some of these increases but that benefit is shrinking and so people are now cutting restaurant spending etc.

Just because the government hides the data in their all inclusive inflation number and/or under represents it doesn't mean it's not there. Housing inflation has now spurred rental rate inflation that will harm our economy even more. Will the Federal Reserve realize there are consequences for their asset bubble pumping or wait until it's too late and we are stuck in a Japan like economy where young people can never buy a house and everyone in a city can only afford a kitchen, a bathroom, and a bedroom squished in a 500 square foot space. By then it will give a new definition to a snail economy, as we live like snails all cramped up with nowhere to go.

LOL I don't hear people laughing about how dumb China is trying to hoard gold to equal other countries reserves anymore.

The reason for the response is central banks loosening and/or devaluating yet again much like a drug addict going to the pills every time they feel bad. It helps until they are an utter basket case and then, there will be no relief. Just get off the pain killers and face reality no matter what it brings.

LOL if silver and gold spike astronomically banks will start dumping assets to cover and then if that doesn't work they will want bailouts. Afterwards they will then engage in the same thing again. The only lesson learned is screwing the public is dependable and pays handsomely most of the time when they are ignorant that you are making money gambling with them at risk for the losses which rapidly become astronomical.

Not surprising given the rise in housing costs. Even restaurant sales are now weakening making the US fall into the same black hole Japan, home of the overpriced mummy hotels is in. Those who think housing and rent prices don't mean anything and should be minimized in the cost of living are only 3 things fools, liars, or both.

The easing was not necessary, besides drop in UK rates. It was just a good and late excuse to ease. The downside to easing is when a real crisis arises many can not drop rates more than a minuscule amount and if there is too much #QE already it will do nothing either but destabilize your currency more.

Are people aware that stimulus is good in the short run, but reversing it is a lot harder. It's great that everyone shook hands and agreed to loosen monetary strings to the point of completely undressing. However, this just moves the global financial market that much closer to D-Day where central banks are powerless without destroying the very image of a fair and free capitalist economy with fair and legitimate money.

This is welcome if it leads to currency stability. Currencies across the globe are still jittery.

Insightful. Another concern is corporate debt and the fact that without it (corporate bonds) and new stock issues many companies would be in major problems. If interest rates rise their over indebitness will become obvious and clear. Likewise, if the spigot shuts off they will be looking at shrinking drastically and potential bankruptcy. Elon Musk and his party on with negative cash flow is not alone.