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Tuesday, December 13, 2011

Monetary

News                                                                                                                             
LA Times | China's housing bubble is losing air
Home prices and sales plunge after China's government intentionally slams on the brakes. Some recent buyers stage demonstrations, destroy real estate offices and demand refunds of up to 40%.
CNN Money | Fed prepares for QY: Quantitative yakking
At this point, there is little left for the Fed to do other than talk about how it should be talking about the markets and economy. The central bank's policy committee gets together Tuesday, and the only news of note that might come from the meeting are possible changes to the Fed's communications strategy.

Blogs                                                                                                                             
WSJ: Real Time Economics | Some Economists Speculate Fed Could Trim Discount Rate
With most of Tuesday’s Federal Reserve policy meeting expected to be devoted to central bank communications strategies, some economists are uncertain how policymakers will handle a largely symbolic but potential touchy facet of monetary policy.