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Markets right now are pricing the worst.

Eurodollar University

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What's the Fed's Credibility?

In the 80s in 1990s we experienced this period of a so-called great moderation. The US and other economies around the world experienced this low this low volatility state, which was really marked by its lack of major Interruptions recessions. That's what Bernanke would talk about exclusively Improved policy improved in particular improved monetary policy.

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