No Fix For Recession: Central Banks Are Trapped In More Ways Than One

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Authored by Charles Hugh Smith via OfTwoMinds blog,

There are no extreme “fixes” to secular declines in sales, profits, employment, tax revenues and asset prices.

The saying “never let a crisis go to waste” embodies several truths worth pondering as the stock market nears new highs. One truth is that extreme policies that would raise objections in typical times can be swept into law in the “we

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