September 8, 2016

EVIDENCE MEANS THINGS:

$9 trillion and counting: How central banks are still flooding the world with money (Ivana Kottasova, September 8, 2016, CNN Money)

The world's four most powerful central banks have pumped more than $9 trillion into the global economy since the financial crisis in a bid to boost growth, inflation and employment.

That's a huge number, equivalent to the value of all the goods and services the U.S. produces in six months.

"If you brought a group of economists from 2008 to the present day and told them that central banks had bought $9 trillion in assets and were still looking for ways to boost inflation, I don't think they would believe you," said Michael Pearce, global economist at Capital Economics.

Deflation can not be overstated.

Posted by at September 8, 2016 3:35 PM

  

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