The 1-month Libor and Effective Fed Funds Rate gives us a clue...
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Stagflation Part 6: The Banking System Under Siege—Bond Selloffs, Liquidity Illusions, and the Coming Balance Sheet Reckoning
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they...
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Massive money printing and debt accumulation have gone on for something like 80 years, and the system has held together. Why should it end... -
GDP is the most common out-of-context stat used by governments to convince the citizenry that all is well. It is yet another stat that is... -
Governments resist austerity. Politicians buy votes with spending. But because they do not control their domestic currency systems in Euro...
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