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

Tuesday, November 8, 2011

Rosenberg on what will happen in the EU

...the end game is going to necessarily involve two things: i) a Eurobond that will ratify a common fiscal policy in the euro areas to accompany the unified monetary policy, and ii) a central bank that is going to be willing to act as the lender of last resort and embark on a more radical expansion of its balance sheet. 

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