Erosion in the M2:M1 Relationship and the Burgeoning Eurodollar Bubble [View article]
Why does the M1 money multiplier continue to drop as the carry trade increases? And aren't we facing a major asset inflation rather than regular inflation because employees have no leverage to drive up their wages?
Erosion in the M2:M1 Relationship and the Burgeoning Eurodollar Bubble [View article]