Pushed Too Far – The Inveitable Costs Of The “Perpetual Money Machine”

Saturday, April 16, 2016
By Paul Martin

from Doug Noland’s Credit Bubble Bulletin,
ZeroHedge.com
04/16/2016

It must be tempting for the believers to again revel in the brute power of the “perpetual money machine.” Yet the costs associated with the latest round of monetary inflation are steep. Not many months ago it appeared that China was determined to rein in excess, while the U.S. was ready to lead the world toward policy normalization. Today it’s become rather obvious that China is out of control and global policymakers are trapped at near zero or negative rates and perpetual QE monetary inflation. What was always sold as temporary extraordinary measures is increasingly recognized as desperate “whatever it takes” indefinitely.

The Rest…HERE

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