Toward Stagflation – The Real End Game For Central Banks

Friday, August 19, 2016
By Paul Martin

by Eugen von Bohm-Bawerk via Bawerk.net,
ZeroHedge.com
Aug 19, 2016

Norway is heading straight into stagflation and at some point Norges Bank will be forced to tighten monetary policy into a weakening economy. The world should take note, because the real end game for central banks will come when they are constrained by rising inflation in a weakening economy. We all know what happened after the 1970s stagflation; and hiking rates to 20 per cent in an overleveraged world is a lot harder than it was back then.

The Rest…HERE

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