August 2019
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The Scylla and Charybdis of Deflation and Higher … – Ponzi World

Events of the past week confirm our thesis that Central Banks have no exit strategy to avoid asset (and price) deflation aka. “The Minsky Moment”. Only a “Risk Off” event will reverse the rise in interest rates, so the markets are  …

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The Scylla and Charybdis of Deflation and Higher … – Ponzi World

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