The week before Christmas is always busy, and this year has certainly been fast-paced. On the political front, House Speaker Boehner blinked under pressure from President Obama yesterday to agree to extend the payroll tax cut for two more months, instead of a full year. Surprise, surprise! Among the GOP presidential hopefuls, Newt Gingrich still…
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This has been a truly extraordinary week. In my E-Letter on Tuesday, I raised the question: “European Debt Crisis – Is This Really the End?” Central bankers around the world were obviously asking themselves the very same question. Early Wednesday morning, the US Federal Reserve announced a surprise intervention on the part of major central…
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