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http://business.timesonline.co.uk/to...cle2806689.ece
You can’t be blamed for believing you are schizophrenic after reading stuff like this.
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Given the appalling judgment revealed by so many of Wall Street’s top executives, in contrast with the generally good economic management delivered by the Fed, one can only hope that this contest will soon be decided in the central bank’s favour.
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A more radical monetary easing would be justified only if the US and world economies were in the depth of recession.
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What is surprising is that the Fed has allowed itself to be forced by panicky market sentiment into pursuing a monetary policy that its own leading officials probably believe to be unwise.
Given the appalling judgment revealed by so many of Wall Street’s top executives, in contrast with the generally good economic management delivered by the Fed, one can only hope that this contest will soon be decided in the central bank’s favour.
...
A more radical monetary easing would be justified only if the US and world economies were in the depth of recession.
...
What is surprising is that the Fed has allowed itself to be forced by panicky market sentiment into pursuing a monetary policy that its own leading officials probably believe to be unwise.
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