2012-12-07mineweb.com

``"This", Mylchreest notes referring to the QE policies being followed by most major governments and Central Banks "is the biggest debt bubble in history. Each time deflationary forces re-assert themselves, offsetting inflationary forces (monetary stimulus in some form) have to be correspondingly more aggressive to keep systemic failure at bay. The avoidance of a typical deflationary resolution of this long wave is incubating a coming wave of inflation. This will not be the conventional "demand pull" inflation understood by most economists.''


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