BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"
MishTalk
JULY 11, 2014
Government debt-to-GDP ratios have risen further; in several cases, they appear to be on an unsustainable path. Historical evidence shows that this rarely happens following a balance sheet recession. They are simply too slow-moving for policymakers and observers whose attention is focused on shorter-term output fluctuations.
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