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The U.S. economy has now become completely dependent on monetary stimulus from the Federal Reserve to support anemic GDP growth that is arguably below the rate of inflation.
While some are convinced that the Fed is ready and willing to remove the economic "training wheels" of quantitative easing, in truth these are the only wheels that are keeping the data from revealing the obvious: that the United States is currently in recession.
As a result I expect additional bouts of "QE" to be unleashed this year. A weak jobs report tomorrow will cement this likelihood. In the...
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