Much More Easing Has To Come

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Up, Up and Downnnnnnnn… Why Our Problems Are Financial (Again) and Not Economic

 

World Central Banks are again easing Global Liquidity conditions. More QE has to be the persistent message. Policy-makers have, in practice, run out of interest rate cuts, since low and negative rate undermine the credit mechanism. This will likely cause bond yield curves to steepen, and gold and cryptocurrencies to rally more.

 

 

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