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Inside Bernanke’s Brain – The Fed’s Response To The Crisis

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

The following piece is adapted from a letter to a friend, discussing economist Nouriel Roubini’s “The Twelve Steps to Financial Disaster“; his explanation of why the Fed suddenly aggressively cut rates in January.

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I completely agree with Roubini’s assessment as to the severe risks the economy faces. But he is wrong, wrong, wrong and CLUELESS […]

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