Central Banks Aim To Reinflate Bubbles

Central banks have puffed hard to reinflate the bubbles that got us into so much trouble last time. Except the next time they burst, there'll be even less monetary and fiscal ammunition to deal with the mess. How do you cut interest rates with double digit inflation ??? How do you increase borrowing when you can't pay the interest on the current debt ???



Jeremy Grantham:






http://www.tradersnarrative.com/jeremy-grantham-on-existing-developing-bubbles-3912.html

------------------------Check out the rest of this blog here.