Are We in a Recession and We're Going to Flip Right Now?

Mike Downey: What happens when we actually start draining liquidity? There's a great chart that we've all seen of the last decade of the four main central banks pumping in on 20 odd trillion dollars, and stocks and bonds going up tick for tick with it. But if they actually drain the pond of a couple trillion bucks, theoretically we shall go down again, stocks and bonds a where e you in that? He says Bonds are telling you that we've hit tarnal rate. Ah, somewhere in the three % range on n risk free rates. And this goes back to my, you know, argument around the transitory characteristics of inflation. We just don't have the underlying characteristics that

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