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Alasdair Macleod: Stagflation and the credit cycle
10:22a ET Friday, May 2, 2014
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes today that the failure of central bank policy to stimulate economies likely will induce them to keep interest rates near zero for an indefinite time and that this in turn will produce "stagflation," currency depreciation without any improvement in economic conditions. Macleod's commentary is headlined "Stagflation and the Credit Cycle" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/research/analysis/stagflation-and-the-credit-cy...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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