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IPFS News Link • Federal Reserve

Bond market calls Fed's bluff as global economy falls apart

2-09-09 • telegraph.co.uk/finance/

The "real" cost of capital is rising as the slump deepens. This is textbook debt deflation. It was not supposed to happen. The Bernanke doctrine assumes that the Fed can bring down the whole structure of interest costs, first by slashing th

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Reported By Jack Gregson

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Bond market calls Fed's bluff as global economy falls apart

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