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Thursday, December 13, 2012

Current Events-Babylonian economy

http://www.usatoday.com/story/money/business/2012/12/11/fed-buying-bonds/1761223/

"The Federal Reserve on Wednesday is widely expected to move to buy more Treasury bonds to push down long-term interest rates and stimulate the economy"

Interesting, since “borrowing costs for home buyers, car shoppers and businesses are already near historic lows.”

Smells like economic manipulation.



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