BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"
MishTalk
JULY 11, 2014
In crisis-hit countries, it is unrealistic to expect the level of output to return to its pre-crisis trend. Historical evidence shows that this rarely happens following a balance sheet recession. Moreover, even the prospects for restoring trend growth are not bright. Moreover, the investment weakness may be overstated.
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