"History is a wonderful thing, if only it was true"

Saturday, January 01, 2011


What does the global situation look like

Buttonwood: In a spin | The Economist:

"Indeed, for all the efforts of governments and central banks, many of the global economy’s long-term problems have yet to be solved. The banks are weak, the American housing market is still in the doldrums and the global imbalances have not gone away."

Conclusion - rates, in the US, will stay low

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