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Fantom assets
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John Burns
Posted 9/17/2014 07:51 (#4078779)
Subject: Fantom assets



Pittsburg, Kansas

Really good article by Charles Hugh Smith about the challenges Yellen faces transitioning from risk on to risk off via increased interest rates. Gives a very good synopsis of where all the newly created money went and the problem of too many phantom asset claims on real assets.

Janus Yellen

John

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