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14%  
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Keyword: allroadslead2chicago

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  • Because She Said So: Lagarde Speaks and then Fed and then ECB: danger! more stimulus needed!

    09/08/2011 8:03:48 AM PDT · by the invisib1e hand · 2 replies
    No sooner does former top Chicago labor/anti-trust lawyer, now IMF head Christine Lagarde instruct "the US and Europe to abandon fiscal austerity and switch to stimulus measures" than European Central Bank President Jean-Claude Trichet echoes her, saying...threats to the euro region have worsened and inflation risks have eased, giving officials the option to take further action should the debt crisis worsen... We paraphrase ourselves because the eggheads at these central banks have been paraphrasing Christine Lagarde since she issued the marching orders to the world's two economic powerhouses from Jackson Hole. Falling right in behind, Chicago Fed president Evans has...