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The Perils of Bubbles and Speculative Finance
Doug Noland
10/26/2012
www.prudentbear.com
“Importantly, stimulus measures by the Federal Reserve failed to stem the debt crisis [circa 2008] – failed to stop the crisis of confidence from ‘ gravitating from the “periphery” to the ‘core.’…I would argue that by prolonging the mortgage finance Bubble… Federal Reserve policymaking ensured a more problematic scenario.”
“I am convinced [...]
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