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We Are Living In A Silent Depression | Emil Kalinowski
Forward Guidance
The Financial Services Industry Wants You to Buy, and We Will Tell You So
" quantitative easing by itself, central banks buying assets from commercial banks, is not sufficient to create a meaningful inflation or growth by itself," he says. "The c e is very supportive for asset markets through narrative, not actual money." The financial services industry wants you to buy, and we'll tell you so, the economist adds. 'We were buying stocks in the middle of a depression. We want to buy'
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