EVEN IMF SEES DANGER

If there is no such thing as a free lunch, then all this manipulation by central bankers has fall-out, and the best it can do is transfer wealth between groups. Manipulation can blow up bubbles in markets, causing inflation that hits assets but not wages, and actually hurting the middle class and the working poor–this much we have seen in recent years. What we have not seen is any genuine, sustainable economic growth in over a decade.
Exiting QE could ‘undermine the recovery’, IMF warns – Telegraph:: www.telegraph.co.uk/finance/economics/10061800/Exi….html

Advertisements
Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: