Saturday, July 19, 2014

IMF's Christine Lagarde Joins The Chorus, Warns Market Is "Too Upbeat"

So wait a minute...a few bloggers warn of the dangers of echo, stimulus-induced asset bubbles resurfacing  due to QE to infinity--only to be mocked by mainstream economists.  And now the BIS, the FED, and the IMF regurgitate the warnings, and NOW we're supposed to believe them?

At this point, it's clear that the powers-that-be have created a Frankensteinian monster with which they have no idea where this uncharted money-printing process will end up.  I will end in tears.  Fiat currency experiments never end well--never have, and never will.  The only question is when.

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