Archive for October 13th, 2010

Bondholder Alert: Disconcerting News from the Federal Reserve

Wednesday, October 13th, 2010
Bondholder Alert: Disconcerting News from the Federal Reserve

Fed Vice Chair states the obvious. Two lessons learned: Easy money can lead to leverage and speculation Markets cannot be counted on to self-correct Wow! That reaction is not for the lessons. It’s for the admission that the Fed had to relearn them. US financial history is filled with examples. Indeed, the Federal Reserve... »

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