Pinnacle Activity Ticker
00 designation ...... Licence to Kill (and speculate)
In the James Bond movie series, the 00
designation is used to denote an official sanction given by a government to
a licensed agent to terminate life with legal immunity. In our current topsy turvy
world, where “fundamentals do not matter”, “unemployment does
not matter”, “debt does not matter”, we have a new definition for the 00 designation: the two 0s mean (1) Zero interest rates and (2) Zero
intention by government to let free
enterprises get on with their work.
With the latest announcement by
the world over is given a clear signal
that the 00 world is here to stay, for an '”extended period” that
has no ending.
If history is any guide, the banks and
ordinary folks alike, will take this signal to borrow and invest
aggressively, not in the nasty real world mind you, where making a
buck still requires considerable time and physical effort – or to
paraphrase the famous war time speech of Sir Winston Chruchill -
“blood, toil, tears, and sweat”, but in the fantasy, get-rich-quick world
Meanwhile, many broken glasses will
remain broken, and the rank of joblessness will grow.
Welcome to the Brave New World where
the rich gets richer, the poor poorer, faster than ever.