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Wednesday, August 10, 2011

Bernanke Has Thrown In Towel On Economy

NEW YORK (CNNMoney) -- Is the Federal Reserve waving the white surrender flag? It sure looks that way.

The Fed made the unusual (and unprecedented) move on Tuesday to tell the market in plain English that it intends to keep rates near zero for the next two years!

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2 comments:

  1. AnonymousAugust 11, 2011 at 6:59 AM

    Very convieniently takes it past teh Presidential reelection.
    How very fortunate for Obama that the debt ceiling and the fiscal policy will not be on the radar during the election.

    ReplyDelete
  2. AnonymousAugust 11, 2011 at 8:20 AM

    so when he gets BEAT, and the interest rates go UP, they can blame it on REPUBS, so typical

    ReplyDelete

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