Fed Will Begin Reducing Bond Purchases In September Say Economists

According to a recent poll, almost 67% of U.S. economists think the Federal Reserve will start to retreat from its huge bond-buying programme (or Quantitative Easing) in the final months of 2013. Nearly one third of those who expect the Fed to reduce bond purchases believe the bank will begin…

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People Can Be Poor Judges Of A Recession’s End

Psst!  Have you heard yet?  The recession has finally ended.  Yes, and it did not end just now, but actually in June 2009! As hard to swallow as this may be, such were the findings released on Monday of the National Bureau of Economic Research (NBER), an economic group whose…

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