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Is The Fed Flushing Out The “Excess Credit” Demons?

This is a syndicated repost courtesy of Between The Lines. To view original, click here. Reposted with permission.

My summary answer to this question is “no”. The debate spurring my remarks here, which is presently raging in the Fed-skeptic/hard money camp, has splintered into the “austere Fed” vs. “profligate Fed” sub-camps. There are assumed to be important practical ramifications of the answer to this question regarding investing, trading, and the […]

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