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Trichet Says ECB to Delay Withdrawal of Liquidity
- Bloomberg
- 12/02/2010 09:05 AM
Fed May Be ‘Central Bank of the World’ After UBS, Barclays Aid
- Bloomberg
- 12/02/2010 04:06 AM
Quotable
“Yes, a sustained deflation would be a big problem, but it is unlikely in today's circumstances. Countries with a depreciating exchange rate, an unsustainable budget deficit, and more than $1 trillion of excess monetary reserves are more likely to inflate. That's our problem today, and it's another reason the Fed should give up this nonsense about more stimulus and offer a credible long-term program to prevent the next inflation.” Allen Meltzer, Wall Street Journal, October 11, 2010
Commentary
Credit Bubble Bulletin
by Doug Noland | Nov 19
Global yields on the rise, especially for U.S. municipal bonds.
The Bear's Lair
by Martin Hutchinson | Nov 30
Singapore and Chile have discovered much easier ways to maintain a healthy capitalist system.
Read moreFeatured Commentary
by Satyajit Das | Nov 16
Recent bank stress tests were effectively car "crash tests" where the testing authority deems the car cannot crash. A debt problem cannot be solved with even more debt.
Read moreGuest Commentary
by Peter Schiff | Nov 26
The Duel Over the Dual Mandate
By trying to maintain price stability and promote maximum employment, the Fed ensures we get neither.
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