Word: feds
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...most important, what we're facing now isn't your garden-variety recession. This downturn is likely to be deep, and the economy will probably remain weak for several years--meaning there isn't much cause to worry that stimulus would overheat an already strong recovery. Meanwhile, the Fed, which normally stimulates the economy via the financial system, is having trouble doing so because the financial system is broken. And the usual concern that government will crowd out private borrowers isn't an issue. "The government has a window in which it can borrow very aggressively," says Mark Zandi, chief...
...continuing to push, Klein came off as merely pulling the Obama wagon toward the presidential finish line. Please, Mr. Klein, we finally have in Obama the grownup we've been missing for the past eight years. Grill him like one! My stomach simply can't take being force-fed any more leadership that is, shall we say, half-baked. Kelly McLaughlin, NEW HAVEN, CONN...
...ball before the Columbia keeper off a corner kick. The ball fell to Omosegbon, who finished emphatically, banging the ball into the net to even the score.Just four minutes later, the Crimson went ahead thanks to a beautifully worked goal from the two strikers. Stamatis fed the ball into Akpan on the left edge of the box, who one-touched the ball back into the path of Stamatis, and the senior tucked it into the near post. With the assist, Akpan broke the all-time assists record.Ten minutes into the second period, Akpan set another Harvard record...
...good news is that in the U.S. now, as Richard Berner, chief U.S. economist for Morgan Stanley, writes, "The ultimate bastion of defense against deflation is a Fed committed to avoid it at all costs." And that's what we have. Study of the Japanese experience became something of a cottage industry for Fed researchers over the past eight years, and the Fed has responded accordingly: lending directly to banks, backstopping the commercial-paper market (which companies use to raise short-term money), trying to bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke...
...continuing to push, Klein came off as merely pulling the Obama wagon toward the presidential finish line. Please, Mr. Klein, we finally have in Obama the grownup we've been missing for the past eight years. Question him like one! My stomach simply can't take being force-fed any more leadership that is, shall we say, half-baked. Kelly McLaughlin, New Haven, Conn...