Like With Real Drugs, We Will Face A Painful Monetary Withdrawal – Or An Oversose.

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ANOTHER WAY TO LOOK AT THE #MONETARY SYSTEM

#QE and #ZIRP ——> #inflation in #financial #assets, #housing, #bond markets, perceived #wealth and optimism

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#QT and hiking ——> #deflation in financial assets, housing, bond markets, perceived wealth and pessimism

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Or

A premature reversal in policy —-> inflation during recession

h/t @OccupyWisdom

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