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WHAT'S NEW
January 27, 2010
FOMC Opens the door---a crack
Kansas City Fed President Hoenig dissented from the FOMC policy statement today---suggesting the "extended period" doctrine was strongly attacked during the Committee's deliberations. That sets the stage for a more careful parsing of the Minutes of this meeting when they are released. In the meanwhile, the several changes in wording from the previous FOMC statement open considerable ambiguity as to the FOMC's true intentions. Ambiguity rather than transparency dominates this policy statement just at the time that Markets need much more clarity of Fed intentions
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June 25, 2009
Managerial Capitalism in Default
Notes on the Presentation The Panic of 2008 with hyperlink
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June 23, 2009
The Panic of 2008: Managerial Capitalsim in Default
This is a presentation used as the basis of our "outlook" remarks at the Westeran Economic Association meetings in Vancouver, B.C. June 30, 2009
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