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Central Bankers: Stop Dithering. Do Something.

Monday, November 21, 2011 - 8:50 AM
The drumbeat for more easing just goes on and on...

"The right thing to do right now is for the Federal Reserve and the European Central Bank to engage in further monetary stimulus. Having lowered short-term interest rates, they should buy (or in the case of the Fed, resume buying) significant quantities of government securities to help push down long-term interest rates and encourage investment."    

Central Bankers - Stop Dithering. Do Something. - NYTimes.com
2
ShorebreakShorebreak2,375 posts since
Apr 6, 2010
Rep Points: 12,681
1. Monday, November 21, 2011 - 6:20 PM
Monetizing the US debt is not the way to do this. That money will all come home to roost sooner or later.
1
WealthManagerWealthManager8 posts since
Nov 21, 2011
Rep Points: 12
Reply