I agree with the last part. ZIRP was definitely inflationary.
I'd need to see someone actually make the case that it led to higher mark-ups. If anything, I'd expect the opposite (although I don't think "profit mark-ups" is the right way to think about it), because in higher interest rate environments a business could always just earn passive income rather than spend on marginally productive things.
Thanks 😊 I got it. The first part is definitely a nonsense. How can US or if we combine all other bigger economies together, still none can dictate things for market how they wish. I won't include Indian Media output in 'The Daily Zap' until I see it covered elsewhere.
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