The Bank for International Settlements (BIS) says the entire strategy of stimulus by global central banks is based on a false premise. The world's monetary watchdog has thrown down the gauntlet. It has challenged the twin assumptions of secular stagnation and the global savings glut that have possessed - some would say corrupted - the Western economic elites.
Read more at the UK Telegraph
(Hat tip: KimR)
Thursday, January 7, 2016
Is the whole theory of secular stagnation a hoax?
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