The Spiral Tightens
For those of you who missed the commentary by Zerohedge and Ambrose Evans-Pritchard last week on this report from the Bank for International Settlements (i.e., the central bankers' central bank), read those first.
Having done so, now read Evans-Pritchard's latest update.
Our resident economics wonk, Zippy the Pinhead, knows the essential question here:
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