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 Orrin Judd at September 8, 2016 3:35 PM