When The "Worked So Far" Meme No Longer Works There is a potentially new macro paradigm evolving which Saxo's Steen Jakobsen calls: Reality Hits as the Marginal Cost of Capital Normalizes . The Bermuda Triangle of Economics is that the world, so far, has been kept in artificial equilibrium by the way quantitative easing (QE) and fiscal policies bring support and endless liquidity to the 20 percent of the economy that mostly comprises large ...
June 17, 2013 - Zero Hedge