Yes Mr Gross you are right !
The real economy needs money printing, yes, but money spending more so, and that must come from the fiscal side – from the dreaded government side – where deficits are anathema and balanced budgets are increasingly in vogue. Until then, Grant’s deflation remains a growing possibility – not the kind that creates prosperity but the kind that’s the trouble for prosperity.
-William H. Gross
Lack of demand is the problem in the world. Excess capacity is a plague! The world need this
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