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All the more frightening that Bernanke is wasting unbelievable amounts of rate & treasury ammo, defending doomed outposts, and he will be powerless when the real citadels will collapse (think Citigroup, largest bank of the free world ™ by balance sheet).

The guy may have done a lot of econometrics, but he has never read sun tzu.

Pierre

by Pierre on Tue Mar 18th, 2008 at 11:04:34 AM EST
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