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Valuable Insight from Jackson Hole
Doug Noland
08/26/2011
www.prudentbear.com
KC Fed Bank Pres Hoenig: “…[T]he market is valuable not because it’s the smartest in the world, but because it’s the harshest. It captures mistakes and punishes and forces a correction. It’s when you then interfere with that that you allow the path to go off longer and the correction to be more [...]
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