from King World News
This will be very costly for the world, plus quote of the weekend and China fighting inflation.
This Will Be Very Costly For The World
May 24 (King World News) – Egon von Greyerz: We know that cycles are part of life. And some cycles are more extreme than others. What has made this one worse is that governments and central banks have interfered with the natural cycle of ebb and flow. This fatal interference will be very costly for the world.
To continue the open charade of printing money to “accommodate” risk asset bubbles from bonds to beach front homes, the inflationary effects of such fake money (and desperate) monetary policy are now getting impossible to ignore…