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India: Another Trillion Might Not Help

The Fed is standing pat, and the Economic Times of India wanders if part of the reason is that they’re not convinced that another $1 trillion-buying spree of long-term Treasuries and mortgage-related bonds would substantially help.

How Bad Is It? Fed Finds Balanced Answer

The Fed, if nothing else, is media savvy. It may not know how to fix the economy. But it knows what to say…