After Central Bank Financial Bubbles—-Comes Liquidation And Industrial Deflation

Nearly two decades of central bank financial repression have created huge distortions and imbalances in the world economy. Now they are coming home to roost as the impossibility of ZIRP forever dawns on even our mad money printers. Having created yet another round of ebullient financial bubbles, they are now getting palpably nervous. Even the lady with the perpetual tan and […]
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