@RKHilbertSpace my guess is that inflation will heat up before we have a big downturn. Fed is necessarily reactive.
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Replying to @RKHilbertSpace
@RKHilbertSpace i suppose we might question whether substituting gov bonds for cash (qe) is really printing and really changes much2 replies 0 retweets 0 likes -
Replying to @RKHilbertSpace
@RKHilbertSpace right, so with QE the central bank is just buying back near-0% interest gov debt with cash. sellers may not care much3 replies 0 retweets 0 likes -
Replying to @RKHilbertSpace
@RKHilbertSpace will get it. ZIRP and QE will do it eventually. They won't tolerate any big downturns yet.3 replies 0 retweets 0 likes
Replying to @RKHilbertSpace
@RKHilbertSpace nominal GDP growth is good enough, right?
5:51 PM - 31 Oct 2014
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