Today’s Daily Reckoning has a simple task: to figure out what all this business in America means for Australia. Okay, it’s simple in theory, but maybe not so simple in fact. Let’s have a crack anyway. The last few days we spent a great deal of time trying to discover the goal of the Fed’s $1 trillion foray into Treasury bonds and the U.S. mortgage-backed securities market. Why?…
March 20th, 2009 | Dan Denning | 10 comments | Continued
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