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The last few months reveal how dramatic failure of the Fed looks now that it has hit the wall of diminishing returns. I've warned for years that the next recession would look just like what we are now seeing. I'll show below why this graph shows in stark numeric terms just how bad it is.
I've said, since stimulus efforts began, that the belly of Great Recession was merely propped up into positive territory by vast amounts of artificial life support and that the Great Recession would reveal its true depth once the artificial life