Inflation and the “Miracles” of Unregulated Commerce to Come?

Sunday Times: “The world’s investment banks are to reveal a $30 billion (£14.9 billion) hit from bad debts as they unveil results that give the first real insight into the impact of the debt crisis….Attention in the markets will switch this week to the Federal Reserve and its decision on interest rates on Tuesday. While the Fed is widely expected to announce a cut in the key Fed funds rate, and possibly an accompanying reduction in the discount rate, analysts are split on whether it will be a quarter or half-point reduction.”

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