Tuesday, September 20, 2016

Economic Growth Fell As A Natural 
Consequence Of Federal Reserve Policies
In his latest missive, John Hussman explains: "While I believe that the Fed should have normalized rates years ago, that the Fed should be systematically winding down the size of its balance sheet, and that the appropriate Fed Funds rate is well above current levels, I also believe that the economy is deteriorating to a much more significant extent than lagging variables, particularly employment, may suggest." .. it's a consequence of an economic system that has encouraged & rewarded debt-financed consumption & speculative misallocation of capital - economic growth has dropped ..  
LINK HERE. Read the essay

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