What Happens If Central Banks FAIL in Their Giant Experiment?

I rarely recommend that you wade through a wordy speech by an economic theorist delivered to an audience of stuffy bankers. But last week’s address by PIMCO Vice President El-Erian to the St. Louis Fed is one you absolutely MUST not miss. And to save you the trouble of deciphering the economics code words, I dedicate most of this issue to the key points he makes — the same basic points that our colleague Mike Larson has been making for months. First and foremost, four of the world’s largest central banks have gone absolutely berserk, running the money printing presses like never before in history: Source: Chart lines — Pimco; . . . → Read More: What Happens If Central Banks FAIL in Their Giant Experiment?
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