Looky loooky while everyone was looking at AIG
Looks like the Zimbabwean school of economics prevailed at FED. Nice world we live in, when the biggest economy prints money like a third-world country. Perhaps, Robert Mugabe could become the FED´s next chairman. He´s an economic guru now - A man ahead of his time.
The day when a central bank decides to print money is one of those D-days we read about in history books. They’ve built a car with an accelerator pedal and no brakes. That’s my concern. What prices are falling besides housing and energy? With quantitative easing you can kill any deflation you wish. But then don't be surprised, when hyperinflation kills you.
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