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Somebody Has To Be Wrong Here

Either it's truly different this time, or it isn't
Tuesday, October 27, 2015, 10:52 PM
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As we suffer the interminable wait for the global monetary and fiscal authorities to finally relent and allow some semblance of reality to creep back into the financial markets, it’s completely obvious that somebody has to be wrong here.

Either it’s possible to continue to inflate asset markets forever, even in the absence of organic (or even inorganic) economic growth, or it’s not.

 

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