Posted on 06/11/2014 8:34:52 AM PDT by SeekAndFind
bkmk
Which brings us to the topic of the Federal Reserve, Treasury and US budget policy. We borrow $0.40 of every dollar the federal government spends, which is clearly unsustainable. Quantitative Easing is also unsustainable.
On a related note, we saw an announcement recently that the European Central Bank has introduced negative interest rates. The reaction in the media was tepid.
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