The Undollar Digest

So Much for the Exit Strategy

Doug Noland, www.prudentbear.com, 08/13/2010
Not many weeks ago the focus was on the Fed’s “exit strategy.”  Apparently, policymakers now recognize that there is no way out.
Today, extreme activist fiscal and monetary policies inflate the Global Government Finance Bubble… Instead of a well-functioning marketplace (and central bank) working to discipline a profligate Washington, dysfunctional monetary and market [...]


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