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Daily Archives: October 13, 2010
John Snow explains the pyramid scheme known as Quantitative Easing
Former Treasury Secretary John Snow explains the short strokes of QE last night on PBS Nightly News. He makes no bones about explaining the government's objective in printing more money (adding to tax payer debt) in order to buy paper … Continue reading
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ECRI's LEI to call a trick or a treat in the economy by Halloween
ECRI's Lakshman Achuthan (on FOX! yikes, note the fires of hell graphic burning in the background) discussing what impact stimulus can have on the jobs market, and when ECRI can make a call on recession vs. soft-landing ahead. He says … Continue reading
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Indiscriminate buying all too familiar
August was very negative for risk markets around the world. Then September (and so far October) took off with wild abandon. Wild is the right word. The US dollar began falling again against the basket of world currencies and once … Continue reading
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