The US Should Buy Euros to Prevent Negative Effects on USI normally wouldn’t call for the US Government to intervene in foreign exchange markets, but I think we are posed with a difficult and unusual problem. Also, I don’t mean simple swap lines, but rather an increase in US international reserves is required. My personal view, as I have expressed on a number [...] [ Continue Reading.. ]The Government’s Toxic Asset Purchase ProgramThe recently announced program regarding the Federal Government’s large-scale involvement in assisting the private sector to get “toxic assets” off bank balance sheets is some of the best news regarding this crisis coming out of Washington for some time. Last year, too much time and effort were spent dithering with constantly varying approaches to [...] [ Continue Reading.. ]
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