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Bonus article about what the central bankers are up to now
By ignoring monetary aggregates, central banks may cut rates with no real effect on the productive economy and solve nothing. There may be a significant contraction in economic activity even if rates decline, as credit availability worsens even with declining rates, but markets keep inflating the financial bubble.
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I'm very curious to see how this plays out, because people are still way more upset about inflation than they normally are at this point in the cycle.
Are the elites more concerned about their portfolios or a populist uprising?
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