monetary-driven poverty

Common Sense Said It Probably Wasn’t Worth It

By |2014-09-30T11:22:43+00:00September 30th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

When QQE was first officially introduced, I produced what I thought would be a “template” for the trajectory of the Japanese economy. On a strictly reasoned basis, without any forward calculations or regressions, the Japanese, and Bank of Japan in particular, were making a choice with what I thought was very little chance of ultimate [...]

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