2007-07-19 — telegraph.co.uk
"In truth, the Fed is now completely out of line with the central banks across the world and is perilously close to losing credibility. The others are all fretting that unbridled expansion of the money supply is leading to liquidity driven asset bubble." -- Think the Fed is tightening? Only if you focus only on their funds-rate side-show (and even that is questionable).
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