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  • The Great Dollar Pump of 2008: A Doomed Central Bank Intervention [View article]
    A very illuminating article.
    I have one question though:
    The ECB has probably also swapped toxic debt of a similar order to the Fed for bonds, so perhaps the drop of the dollar will be less than projected, although inflation etc will be just as bad?
    Sep 08 09:46 am |Rating: 0 0 |Link to Comment
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