I've long suspected that the endgame is that Weimar thing, or at least something similar. And I have to ask you : Isn't this a sign of the boiling frog - syndrome?
"FED Lockhart says QE3 might not be needed"
When did the discussion leave QE2? Has anyone noticed that the monetary and fiscal stimulus has been going on, constantly, for 2 years? Does anyone feel like trying to think back, and guess what would have been predicted if someone asked three years ago : "How about we spend 160% of tax revenue and print to cover the entire deficit"?
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