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The senior central banks choose not to do more damage immediately
Steve Saville
08/05/2012 [Weekly Market Update, Excerpt:]
www.speculative-investor.com
As expected, the Fed took no action last week. At the moment it is offering only words. For example, the statement issued last Wednesday after the FOMC Meeting included the words “The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed”. This is just a statement [...]
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