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| Cover of Twist |
dance correctly to (called Two Geek Left Feet), would play out in my economic world! But here we are in 2012, 50 years later and the Federal Reserve is twisting again. So how did we get here and so what?
Well, the Federal Reserve on Tuesday afternoon signaled its growing concern about the weakening of the U.S. economy and extended their program (“Twist”), the latest $267 billion effort, aimed at holding down long-term interest rates to prop up growth.
The action follows a marked darkening of the U.S. economic outlook in the past two weeks as reports have shown a rapidly deteriorating economy threatened by the renewed outbreak of a financial crisis in Europe and a looming deadline for draconian tax increases and spending cuts at the end of the year. OMG-Economic Armageddon!! ... Continue to read.
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