(1) Never too early to blame the Fed for the next recession, at least among submerging economies. (2) Easy money always inflates bubbles somewhere. (3) There is always a high price for cheap money. (4) Shortcovering rally in the dollar attributable to foreign borrowers with dollar debts. (5) Fed really needs to do more credit research. (6) The Big Short II? (7) Is global liquidity drying up or just going low tide? (8) The latest batch of global indicators is neither fair nor foul.
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