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Thursday, December 1, 2011

Monetary

News                                                                                                                             
WSJ | Betting on Central Banks
A short-term liquidity reprieve is not the end of Europe's mess.

Econ Comments                                                                                                             
Bloomberg | Majority of Economists Still See Deflation Gloom
After concern last summer of an imminent double-dip recession in the U.S., the data got a bit brighter in the fall. The economy grew faster than expected in the third quarter and has created almost 2.8 million private- sector jobs since the labor market bottomed in early 2010.

Blogs                                                                                                                             
Daily Capitalist | A Brief Market-Oriented Review of Prior Coordinated Central Bank Interventions
Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing measures designed to address elevated pressures in short-term funding markets.
Heritage Foundation | The Fed, Other Central Banks Prepare for the Firestorm
The Fed has shocked us once again, and it’s probably right. There’s a firestorm on the horizon. It starts in Europe, but it threatens the U.S. economy just as surely, and the Fed is getting ready.