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August 8, 2006
Department of Faint Praise
From the Wall St. Journal:
"The key is that they believe inflation expectations have stopped rising," Peter Frank, currency strategist at ABN Amro said. "They have not been more dovish than was expected, and that's why the dollar has not collapsed."
The as-expected statement from the Fed is therefore unlikely to change the market's general dollar-bearish tone, analysts said.
Ouch.
Posted by William Polley at August 8, 2006 5:43 PM
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Comments
I think that the articles in your blogg confirm my suspiciuos about a next near recession in the US. But, how deep? and, with what consequences to the rest of the world? considering the conflicting international situation in the middle east,N. Korea,Cuba, Venezuela, and so on
Posted by: jose alberto grana at August 9, 2006 1:03 PM