What will be the fallout in 2023 with more than 13 trillion USD of wealth vanishing from investment portfolios in 2022 and when central banks abruptly terminate an emergency or an accommodative monetary policy, which has been more than a decade-long pillar of support? When the structural pillar of a building is removed, the building crashes. Fed chair Powell knew that terminating more than a decade of accommodative monetary policy in...
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There may be no way of escaping the collapse of a boom brought about by credit expansions, which ends in a currency crisis. Fed Chair Powell not only knows this, he even went on the record warning about perils to the economy by cutting stimulus. Powell stated that the economy would not know how to function without stimulus measures because those measures had been active for so long, according to the October Fed meeting of 2012. Fast...
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