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FOMC In English 12/16: The Market Ticker

http://market-ticker.org/archives/1741-FOMC-In-English-1216.html
DECEMBER 16, 2009


All this crap failed to work - again, as I said before, the goal was to restart private credit expansion.  It didn't - it's still contracting.  Indeed, the really bad news is that even with all the government games total credit outstanding is contracting EVEN WITH government "borrow and spend" - an unprecedented problem.

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