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War Is Peace, Freedom Is Slavery, Puffery Is Integrity

Receiving Wide Coverage ...

Baleful in Basel: Banks around the world still need to repair their balance sheets by writing down dodgy assets, the Bank for International Settlements said in its annual report. In a speech, Jaime Caruana, general manager of the association of central banks, warned that excessive monetary stimulus could make things worse, by creating complacency about fiscal problems, encouraging risk-taking by the financial sector and/or unleashing inflation. Wall Street Journal, New York Times …

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