Inquiry: What do 1987, 1998, and 2008 have in common? Answer: they were all years when the Fed flooded the monetary with liquidity to prevent the financial system seizing up. This was after, respectively, the program-trading triggered stock market crash, the LTCM debacle, and the credit crunch and Lehman Brothers collapse.
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May 24, 2011
QE, Inflation and Bullion Prices
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