BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"
MishTalk
JULY 11, 2014
Historical evidence shows that this rarely happens following a balance sheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. Financing problems of non-financial corporations in EMEs can also feed into the banking system.
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