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Yogibear
1 Comment
The ECB Continues Its Untenable Monetary Policy [view article]
It may be interesting to note, that the bulk of the balance sheet increase originated in october till december 2007, coincidentally exactly in those months that the markets needed a lot of liquidity because of the liquidity crunch. So, to my opinion, the first conclusion of the article is wrong to begin with. Jan 03 11:48 PM