Thursday, October 3, 2013

Farcical Bernanke Fed

...Central bank policy of flooding the banking system with reserves, and more reserves, heaped upon already too high reserves...the historic data show this proposition to be farcical, and that the real-world maneuver of exactly this type of bank reserve flooding to be a total failure...a monumental case of pushing on a string...

Paraphrasing David Stockman's "The Great Deformation" Chapter 12

Sent from my iPhone

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