The #Fed prints tens of billions of #dollars more of inert bank reserves while the US #Treasury hoards hundreds of billions more $USD #liquidity from the rest of the world… both of which spell #deflation.
#recession … #Fed Pushing on a String edition The #Fed prints tens of billions of #dollars more of inert bank reserves while the US #Treasury hoards hundreds of billions more $USD #liquidity from the rest of the world… both of which spell #deflation. 📉 https://t.co/8FYE0yW2GL — Invariant Perspective (@InvariantPersp1) December 10, 2020 Global Growth Rates… … Read more