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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Earlier today, reader Charles asked me what I thought about an article on ZeroHedge entitled " Is The Fed Going To Attempt A Controlled Collapse? " Historical evidence shows that this rarely happens following a balance sheet recession. This would require the growth rate to exceed the pre-crisis average for several years.

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Reflections on 2013; What's Important, What's Not? What's Ahead?

MishTalk

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. People constantly ask why I devote so many articles to unions and city bankruptcies. There is no banking union in spite of ridiculous articles suggesting otherwise.