Central Banking Rapidly Falling Apart

Central Banking Rapidly Falling Apart

Central banks are about to learn the global economy is not Alice’s Restaurant.



In case you don’t know the tune, here is the crucial line: “You can get anything you want at Alice’s Restaurant”



Anything you want, seems to be the attitude of central banks. The problem is, it is virtually impossible for every central bank to get what it wants at the same time, when they all want the same thing, cheaper currency relative to each other to stimulate jobs and exports.

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