Thursday, September 27, 2012

Plosser Says Fed is Prepared to Respond to Europe Crisis

This is code-speak for "we will bail out Europe too", as the Fed has for several years now--in the form of currency swaps.  This is beyond lunacy.

http://www.bloomberg.com/news/2012-09-27/plosser-says-fed-is-prepared-to-respond-to-europe-crisis.html

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