By The Crypto Sermon with Temple Melville The age of easy money seems to be well and truly behind us. The graph, below, of UK monetary aggregates from the Federal Reserve Bank of St Louis shows how much liquidity has been floating around the system in recent years: The steep rise to combat the economic impact of the Covid-19 pandemic, and a slight rise at the start of the war in Ukraine, are clear. However, between both those events and since it has been downhill more or less all the way, equating to a 5% annual drain. This is a figure that has never before been reached and which could quite e…

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