Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?
MishTalk
AUGUST 7, 2013
China Financial Markets. Financial Sense. The central effect of QE is not on the real economy, but on financial speculation. Minsky noted that ‘euphoria’ might develop at this stage. “A follow-the-leader process develops as firms and households see that speculators are making a lot of money.
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