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The Trouble with Numbers
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Tuesday, June 10th, 2014
The Trouble with Numbers
Tuesday, June 10th, 2014
According to the ever-strident popular press, the world is in recovery. The stock market says so, the bond market says so, and the politicians and monetary bureaucrats all say so. The only trouble is the central banks continue to flood the world with liquidity, something they shouldn't need to be doing if a true recovery were really upon us.
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