The markets weren’t really expecting ECB president Mario Draghi to announce or say anything ‘shocking’ last week, but it’s now starting to look like Mr Draghi and Mr Carney, the President of the Bank of England (the Central Bank in Great Britain) have had several discussions in the past few days and weeks to make sure they’d spread the same message.
Automobile enthusiasts around the world know brands like Studebaker, Plymouth and Packard, but you’d be hard-pressed to find any of these on the roads today. Former powerhouses in the American auto market, as Visual Capitalists's Chris Matei notes, they have since become beloved by collectors, but lost to the general public.
Today’s infographic comes from TitleMax and it looks at 14 now-defunct car brands and the circumstances that took them from highways to bygones.
Courtesy of: Visual Capitalist
It has been a trying time for the world's central bankers, who for decades have been used to the "high finance" community's adulation, derived from the deliverance of policy wrapped in so much opacity, gibberish and contradictions, that neither the central bankers, nor the markets, had any idea what was going on (see the Greenspan tenure), or dared to admit it was all meaningless drivel, resulting in phases during which the market was on "autopilot" and culminating with a bubble and subsequent crash, "rescued" by an even greater asset bubble and even greater crash, etc.
We've spent a lot of time of late writing about the pending collapse of the U.S.