The deflationary nightmare, any day now, it's coming...
How much QE should they do? $10 trillion? $40 trillion?
“Deflation is to rich people, what inflation is to everyone else.”
“I don’t believe that macroeconomics is a useful way of looking at the world. They look at the world as if it’s a giant math equation, but the real world is not a giant math equation, because the relationships between variables is changing all the time.” - Joseph Wang
fyi I’m scheduled to do a podcast with Tom Bodrovics of Palisades Gold Radio tomorrow afternoon. We’ll see where the conversation goes. I’m up for pretty much anything.
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