“This Reuters article (somewhat surprisingly) makes a good point about central banking policy … that lying is part of necessary bank policy. It also makes a point we’ve been making for months now: While a good deal of discussion will focus on ‘tapering’ and other kinds of tightening, that’s probably not what is going to be happening in the near future. We are living in a kind of parallel universe where officials create a narrative and the mainstream media covers it – but none of it is true. We will continue to read about money tightening but if you look closely there will always be contradictory indicators as there are currently. Little is real about this ‘recovery’ except the constant stimulation.”
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