Prince Michael of Liechtenstein Warns "QE a Sign of Helplessness, Will Not Reach Economy"; Prince Michael vs. Martin Wolf
MishTalk
JANUARY 23, 2015
The 2008-2009 banking crisis saw the US focus on re-establishing the equity basis of the banks to a level which allowed the banks to lend to business. This situation has been exacerbated by the fact that government pension schemes are insufficiently financed. Europe instead chose the path of stress tests. Pensions have been hit hard.
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