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  • A fistful of dollars

    The US Federal Reserve used just to manage monetary policy for the 12 'districts' of the USA. But now, it is going global. First, it opened unlimited "swap lines" with other G7 countries through the European Central Bank, the Bank of England and the Bank of Japan, as well as the Swiss...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-03-2008
  • Central bankers recognise a 'bubble'

    For years, former US Fed Chairman Alan Greenspan said that it was impossible to recognise an 'asset bubble' until after it had burst. Thus the dot-com bubble, and the US housing bubble, were able to grow without central bank interference. Now however, Fed Governor Frederic Mishkin has broken...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-18-2008
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