@bswud the wild CB flailing since 2008, and consequent vast distortions, give decision-makers the sense that macroeconomy is badly unstable>
@bswud and into commodity and energy production, responding to price spikes caused by Chinese construction—now vast stranded assets.
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@Meaningness 1. we have good evidence that "the money created by QE" doesn't move in a special way any different from other money -
@Meaningness market actors try and hold a given portfolio & QE doesn't effect that. Indeed, without this 'portfolio rebalancing' effect - 11 more replies
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