Mike Shedlock from Global Economic Analysis makes a compelling case on what needs to happen for Inflation to occur eventhough we have massive amounts of money being printed by governments worldwide. What really matters is whether the money is lent by banks or not. What really matters is whether the banks feel safe to lend and have the money float into the economy when they feel the risk to acquire bad assets is very high.
Full Article at Mike Shedlock's blog
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