US infrastructure boom precedes money printing era

Isn’t it ironic that the United States’ most monumental infrastructure projects were completed before the government acquired the unlimited ability to print money in 1971? Since then, what little infrastructure has been built comes at comically inflated prices. An example of how we’re getting less infrastructure for our money and time these days: https://t.co/LJwrNwpszj — …

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Fiscal easing precedes monetary stimulus, the snowball is beginning to build and the slope is quite steep

So many economies around the world are in completely opposite situations. Some central banks are cutting rates, some are pausing, and others are hiking. The next few months are going to be really interesting. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 28, 2023 Eurozone credit growth …

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