Edwards added that he believes the
recession is now here (hence his «ultimate» adjective), «just as it was in the fall
of 2011 until
global coordinated easing injected trillions and masked its impact, and will manifest itself unless the
global central banks step up far more aggressively and tune out
reality once again.»
Meanwhile a housing and financial bubble bursting in China, and the inflationary bubble in the US funded by the magic money
of the Fed are both set to burst into undeniable
reality any time soon, will at least drive down fossil fuel use during the looming new
global recession about to hit from the two biggest economies on the world going someways down the toilet.....