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QE2
Today’s Wall Street Journal includes yet another confused article about U.S. monetary policy. Let’s briefly review what’s under discussion before dealing with the Journal’s issues. Fed chairman Ben...
View ArticleMisunderstanding Default Risk
“In a sign of the fragile investor mood, gold surged to a new high of $1,628.30 a troy ounce. Investors also piled into Treasuries, driving down the yield on the benchmark 10-year note sharply to...
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