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There Really Is Nothing Left To The Money Illusion

Submitted by Jeffrey Snider via Alhambra Investment Partners, In the summer of 2013, the mainstream media was already convinced that Japan’s QE amplification, the true shock and awe “money printing”, was not just working it was doing so convincingly. The yen was down sharply against the dollar, feeding what looked like a surging export sector. Even though QQE was barely a few months old, it was talked about as if Japan Inc.
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