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主题:美股杂谈 -- 大山猫

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家园 Fed is expanding

the balance sheet fast.

The improvement in the last 2 years was engineered by Bernanke successfully with massive base money creation. It can temporarily rescue the asset prices in America, but it seeds the trouble for the long run.

It is a lesson learned from the 1960s-1970s experience.

European banking system is stablizing, but I do expect another wave of panic in 2011.

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