September 11, 2012 at 13:35 PM EDT
Central Banks Are Busy These Days
The European Central Bank recently announced plans to bailout its bankrupt members by buying their short-term bonds with newly created money. There is wide expectation that Ben Bernanke will announce plans for further bond purchases at the Fed’s Sept. 12-13 meeting. Central banks are busy these days! Jeff Harding summarizes the calculatio...
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