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People are freaked. Asia’s been smashed. Europe is in the toilet. And the US recovered from an early morning swan dive thanks to the Fed’s 75 bp easing, yet the credit markets aren’t exactly buying it (I mean, has anything really changed in the wake of more accomodative Fed policy except to telegraph their deep concern over the state of the economy?). In short, the “deep crap” scenario I’ve w…
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22 January, 2008| Economy |
@ 20:24
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