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Tuesday, November 8, 2011

Monetary

News                                                                                                                             
WSJ | Global Liquidity 'on the Cusp' of Drying Up
Bank of Canada Governor Mark Carney said Tuesday that global liquidity is about to dry up again as the European banking system deleverages, and warned that the real economy will soon feel the impact.

Econ Comments                                                                                                             
Market Watch | You cannot push on a string
One of the Federal Reserve’s dual mandates should be dropped.

Blogs                                                                                                                             
WSJ: Real Time Economics | Another Reason Not To Expect the Yuan To Rise Faster
While the U.S. figures it scored a victory in the recent Group-of-20 communique when it won a commitment by China for “greater exchange rate flexibility,” don’t assume that Beijing plans to speed up the appreciation of the yuan any time soon.