@RKHilbertSpace my guess is that inflation will heat up before we have a big downturn. Fed is necessarily reactive.
@RKHilbertSpace right, so with QE the central bank is just buying back near-0% interest gov debt with cash. sellers may not care much
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@RKHilbertSpace will get it. ZIRP and QE will do it eventually. They won't tolerate any big downturns yet. -
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@RKHilbertSpace nominal GDP growth is good enough, right?
End of conversation
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