The Failure Of The Economic Establishment’s Grand Experiment

Thursday, January 28, 2016
By Paul Martin

Via BusinessCycle.com,
ZeroHedge.com
01/28/2016

As the great and the good gathered in Davos to ponder the next big thing, the pummeling of global equity markets brought key assumptions into question. Yet, their collective heads stayed buried in the snow with regard to the big ideas from years past, namely, the three grand economic experiments launched by the U.S., Japan and China following the Global Financial Crisis. By clinging to unrealistic growth expectations, the economic establishment has effectively bet everything on the success of these grand experiments, and the risk of losing that bet is rising inexorably.

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