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Category Archives: Main Page
Fed’s Fisher: our QE work is done (ie.,”US banks are recapitalized–so long suckers”)
The Fed’s focus the past 5 years has been to re-float insolvent banks from the well of public funds. US bank’s largely passed their stress test yesterday. Mission accomplished. From the Fed’s lens, their QE work is done. What about … Continue reading
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Price slack in global economy recessionary
Growth in world trade prices has been in cyclical deflation since early 2012. As the below chart since 1999 graphs, the last two periods of similar decline were during the US recessions of 2008 and 2001. See ECRI: Price Signals … Continue reading
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QE funds banks and governments at the expense of households
Despite all the hope and hype about loose monetary policy creating inflation the truth is precisely the opposite. QE liquidity in the banking system has funded speculation in financial markets by traders and banks over the past 5 years, and … Continue reading
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