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The Dog That’s Not Barking
Doug Noland
08/10/2012
www.prudentbear.com
“…[I]t’s ominous that zero interest rates, the nationalization of mortgage Credit, massive Federal Reserve monetization and market interventions, and 8-10% annual fiscal deficits equate to such a feeble recovery.”
The “go ahead, make my day,” Draghi “will do everything to save the euro” rally saw Spanish and Italian stocks jump 10.6% and 9.5%, respectively, [...]
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