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2015-12-20 06:38:41 A ●●●●●●n ●●●●●● ●●●●●●r ●●●●●●lis S●●●●●●c ●●●●●●ng ●●●●●●ued for ●●●●●●l hours after the ●●●●●●, which began at ●●●●●● 12.30 p.m. (5.30 a.m. EDT) on S●●●●●●y but had ●●●●●● a tense calm by the ●●●●●●g. S●●●●●●s had ●●●●●● the ●●●●●●ty ●●●●●●ion ●●●●●● by ●●●●●●d ●●●●●●nel ●●●●●●rs. ●●●●●●ari in ●●●●●●h The ●●●●●● – ●●●●●●d with steep ●●●●●●ic ●●●●●●cs and never-●●●●●● ●●●●●● of money-●●●●●●ng ●●●●●●s – seems to be this: The Fed’s full ●●●●●●ment ●●●●●●e warps its ●●●●●●on-●●●●●●, ●●●●●●ng it to ●●●●●●e ●●●●●●er ●●●●●● (’60s’70s) then ●●●●●● (’90s) then ●●●●●●g (2000s) and ●●●●●●ly now, thank you very much C●●●●●●n Ben B●●●●●●e, ●●●●●●ment debt. E●●●●●●ally, there just aren’t ●●●●●● V●●●●●●s to go ●●●●●●. (Before that, when ●●●●●●ion was the sole ●●●●●●e, the Great D●●●●●●ion was the ●●●●●● of Fed ●●●●●●●●●●●●’ close-●●●●●● ●●●●●● to ●●●●●●t U.S. ●●●●●●iles under the ●●●●●● gold ●●●●●●rd, the film ●●●●●●.) All the while, this ●●●●●● ●●●●●●ry ●●●●●●-●●●●●● ●●●●●●ages an A●●●●●●n ●●●●●●ion with ●●●●●●ption that is ●●●●●●●●●●●●e and will ●●●●●●ably lead to more booms and even more ●●●●●● busts. |