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When central bankers and politicians take it upon themselves to try to keep stock prices higher, the normal economic signals get drowned out
“Preemptive” monetary action
Most of us immediately associate “crisis” with a negative outcome, and while it is true that most crisis come in a negative form, it’s not always the case.
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The best indicator as to when this expansion is nearing its completion is watching for interest rates to near the zero bound.
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