https://twitter.com/GregMannarino/status/1189622779995447298
Easy money used to be a tool reserved for recessions/crises. It's now the default policy in any environment as the prevailing central bank view is that there are only positive (stimulus, wealth effect) & no negative (if higher inflation comes, that's good) consequences to easing.
— Charlie Bilello (@charliebilello) October 30, 2019