If the monetarists are closer to the mark – and they were right - TopicsExpress



          

If the monetarists are closer to the mark – and they were right to warn about the dangers of ballooning M3 money up to 2007, and collapsing M3 growth from early 2008 onwards – the Fed may be about to tighten much more than it realises or intends. ( ...) ex-Treasury Secretary Larry Summers may be right to worry about a deep secular stagnation, with the US and the world trapped in a bad equilibrium that needs permanent bubbles just to keep the game going. blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026095/post-monetarist-fed-is-sleepwalking-into-a-trap-technical/
Posted on: Sat, 23 Nov 2013 21:03:08 +0000

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