Trillion-dollar boo-boo
But no recent crisis has resulted in anything more than a regional conflict, nor has any resulted in the kind of economic disruption that occurred in the 1970s, when soaring oil prices fostered stagflation. Indeed, investors seem to have great faith …
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ECB Paper Identifies Most Growth-Friendly Cuts
A European Central Bank paper has weighed in on a big debate among economists in recent years: how much of an effect fiscal belt-tightening has on the economy. The paper was written by a pair of economists–one from the ECB and one from the …
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Money-market funds
IT IS a huge investment class: a $ 2.8 trillion one, to be exact. And it had long been thought of as a mundane one, just a notch more adventurous than a current account. Yet writing new rules for America's money-market funds, which invest in short-term …
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