On the lighter side, in the March 28, 2015 Dilbert, Wally becomes the new chief economist.
Wally: "The exchange rate on derivatives will trigger a bubble in monetary policy and deflate the Yen."
I like the phrase "bubble in monetary policy". It aptly expresses precisely what has been happening globally.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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