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Are Central Bankers Economic Superheroes?
Central bankers are increasingly being asked to take on the role of Superman for the world’s economy. Amid fewer and fewer available options, their ability to ward off economic woes is under strain. Yet they are pressing on, as rates worldwide continue to be lowered, and as inflation around the globe is rather dormant, the impetus is to keep monetary policy lax. South Korea cut rates yesterday, marking the 511th global reduction in rates since July 2007. Similarly, the Reserve Bank of Australia cut rates to 2.75 percent, while countries including Japan and the US continued to press on with bond buybacks, expanding ... (full story)
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The road to pipland is arduous and fraught with challenge.
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The road to pipland is arduous and fraught with challenge.
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..