December 29, 2014

Monetary policies limit reached in USA

Pretend and Extend in China, Japan and in Europe will be tested as secular debt, demographic and structural headwinds have not been addressed. 

Monetary solutions have gone about as far as they can go -- at least in the U.S. that policy has grown more and more ineffective and has contributed to an exclusive prosperity that has penalized savers and distorted the divide between the "haves" and the "have nots."