H/t reader squodgy:
“If they’ve bottled over QE4, it’s only because of the realisation they’ve been sussed for being the lying fraudsters we now know they are.
Bailed out by the taxpayer and using the bailout to invest for themselves in solid assets whilst hiding the truth of inevitability from Joe.
Now this…..”
– Why We’re Poorer: Inflation and Deflation Are Now Globalized (Of Two Minds, Oct 30, 2014):
We’re being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure.
…