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Thus grew the tale of Wonderland: Thus slowly, one by one, Its quaint events were hammered out…
- Wonderland
Well, we are in a land of "quaint events" alright. Something that was once thought impossible has actually happened and it is causing havoc, and confusion, in the markets. What's worse, it is not going to get better anytime soon, but only worsen, as various nations instruct their central banks to create even more money, out of nothing but imagination. Then they will use it to buy up their debt, and drive interest rates ever lower,