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Stiglitz Says Too Soon to Cut U.S. Stimulus as Growth Not Normal
Nobel Prize-winning economist Joseph Stiglitz said it would be premature for the U.S. Federal Reserve to reduce monetary stimulus even if there’s little evidence it helped the world’s largest economy. “It’s the only stimulus,” the Columbia University professor said in an interview at the World Economic Forum in Jordan May 25. “Clearly the economy is not back to normal, and to accept this as the new normal would be really wrong.” U.S. stocks dropped and Treasuries fell for a fourth week, the longest slide since August, after Chairman Ben S. Bernanke said the Fed may cut the pace of asset purchases if ... (full story)
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- May 27, 2013 3:39pm May 27, 2013 3:39pm
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- May 27, 2013 3:40pm May 27, 2013 3:40pm
- Marsfx
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- May 27, 2013 4:04pm May 27, 2013 4:04pm
- emilnow
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Keep it simple and trade with the trend
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- Spreadbetter
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..