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Can two senators end ‘too big to fail’?

May 18th, 2013
in
Can two senators end ‘too big to fail’? Barry Ritholtz Washington Post, May 10 2013     Last month, an unlikely pair of senators — Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican — introduced a non-binding resolution calling for the end of the implicit subsidies that “too big to fail” (TBTF) banks enjoy.

Unconventional Monetary Policies

May 18th, 2013
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The IMF has done a major review of recent experiences with non-orthodox monetary policies Unconventional Monetary Policies - Recent Experiences and Prospects May, 16 2013 IMF Policy Paper

Schedule for Week of May 19th

May 18th, 2013
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The key reports this week are the April existing home sales on Wednesday, and the April new home sales report on Thursday. On Wednesday, Fed Chairman Ben Bernanke will provide testimony on the Economic Outlook, before the Joint Economic Committee, U.S. Congress. Also on Wednesday, the FOMC minutes for the most recent meeting will be released. ----- Monday, May 20th ----- 8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of other data.

Why There Is So Much Pro-War Reporting

May 18th, 2013
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5 Reasons that Both Mainstream Media – and Gatekeeper “Alternative” Websites – Are Pro-War

"A word means just what I choose it to mean"

May 18th, 2013
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'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean -- neither more nor less.' This quotation from Lewis Carroll's great novel 'Through the Looking-Glass' rather seems to sum up policymakers' current approach to financial markets.

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