True To Its Word, PBOC Confuses Economists’ Bubble Expectations

By |2014-12-16T10:46:45-05:00December 16th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is really amazing how condensed events have become once the economic and financial world shifted off its axis in August 2007. What used to be conventional wisdom about monetary affairs before then has long since been forgotten to the point that “emergency” measures that appeared in the months thereafter now pass for “normal.” However, the idea of “normal” in [...]