Conducting Bernanke’s Symphony No. 3 In F Major

The Fed’s QE3 stimulus program has taken on a clearly distinct rhythm. Thus far, the liquidity injections into the financial system have come on a selected few strong notes that have occurred roughly every four weeks. And following this 4/4 meter of the Fed’s newest monetary policy symphony, the…

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Conducting Bernanke’s Symphony No. 3 In F Major

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