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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, June 22, 2011

A Fed Observation - Bookvar

I understand the huge focus on Fed action from here on but they have lost the ability to help the economy because a lower cost of money has proven impotent in helping an economy that is delevering. Asset prices and our currency is the only thing left for them to manipulate. [source]

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