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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (94626)5/28/2008 4:53:16 PM
From: philv  Read Replies (1) of 110194
 
Hate to nit pick, but I doubt many here would agree with this statement of his: "Thanks to sound monetary policies, inflation worldwide had stayed low in recent years."

I would say exactly the opposite, that in spite of unsound monetary policies, inflation worldwide stayed low in recent years.

Give thanks instead to the many monetary tricks, under reporting of inflation, not acknowledging obvious huge bubbles, lack of oversight and accountability, cheap asian consumer products, and the spin machine out of New York. Down stream, on the fiscal side, it was even worse feeding on the lose monetary policy. Then things really got out of hand when banks and the smart hedge fund operators got in on the action.

Sound monetary policies? It feels like a huge con game to me.
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