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Showing posts with the label disaster

Perils of addiction

Disclaimer - this blog is mostly meaningless drivel meant for the enjoyment of the blogger.  Do not consider this as sage advice.  In fact do not consider this as any advice. There are many vices.  Have been since man started keeping count.  It is in the bible etc. One vice is addiction.  To anything.  It translates to dependency in the extreme.   One popular addiction in today's world is for 'cheap money'.  As in borrowing at low cost.  To finance all manners of profligate hobbies.   Stationary bicycles to fast food and other oxymorons come to mind. The world is awash in it.  Central banks have their hands tied.  The great economic collapse of 2007-08 triggered financial tsunamis that shook the foundations of economic theory and global banking.  Printing money was the only ticket.  Couple that with monetary policy that allowed interest rates to be held at all time low spurred the economic engines aga...