An important discussion about credit creation, why banks are talking interest rates down, and what economists are prepared to say and what they are not, courtesy of Joe Wilkes. Refers to the earlier post below:
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I caught up with Steve from his bond kingdom. We discussed the latest from the FED, and the expected trajectory of inflation, bond rates...
Suddenly Central Banks and Governments have the perfect alibi (a claim or piece of evidence that one was elsewhere when an act, typically a...