ANOTHER WAY TO LOOK AT THE #MONETARY SYSTEM
#QE and #ZIRP ——> #inflation in #financial #assets, #housing, #bond markets, perceived #wealth and optimism
#QT and hiking ——> #deflation in financial assets, housing, bond markets, perceived wealth and pessimism
Or
A premature reversal in policy —-> inflation during recession
h/t @OccupyWisdom
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