-US GDP growth of only 2% for 9 straight yrs (post 2008 Financial Crisis).
-Happened despite M2 money supply growing 75% in those 9 years,
-0% int. rates, $15T global QE, $11T new national debt
-vs $3.5T GDP growth,
-300% rise in stock markets (greatest ‘wealth effect’ ever);
-global debt +$70T
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Evolution de la masse monétaire M2; beaucoup de monnaie pour peu de croissance!

