Increasingly Inefficient Bubbles – “The Liquidations In August & January Are Just The Start”
by Tyler Durden
ZeroHedge.com
03/17/2016
The wealth effect was meant as another of Keynes’ proposed “pump priming” methods, but it, too, has failed to materialize like the others (redistribution). If valuations are to return to a more considered level, economically speaking, the liquidations in August and January would be just the start.
The Rest…HERE
