Albert Edwards: "Has the U.S. Recession Already Begun?"

Albert Edwards: “Has The US Recession Already Begun?” (via Market Shadows)

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Some are surprised that inflation has failed to take off despite massive amounts of quantitative easing. The explanation, ECRI explains, is simple: recession kills inflation. For all the talk of the wealth effect, demand is…

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