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Monetary Cliff?
Axel Merk & Yuan Fang
10/24/2012
www.merkfunds.com
“…[A] “hawkish” Fed Chair, i.e. one that favors monetary tightening, might put to the test Bernanke’s claim that he can raise rates in “15 minutes”.
“Fasten your seatbelts, as shockwaves may be expressed in the bond market and the “tranquility” investors have fled to by chasing U.S. bonds may well come to an end. Foreigners [...]
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