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Tuesday, January 31, 2012

Monetary

Econ Comments & Analysis                                                                                            
Real Clear Markets | The Bernanke Fed Is Killing the Economic Patient
The members of the Federal Reserve Board led by a doctor of different stripes, Ben Bernanke, could learn more from House of God than all the economics books they devour on the way to grandiose visions of fixing what ails us economically.
CNBC | Rates May Need to Rise Sooner: Philly Fed's Plosser
If the U.S. economy keeps improving, interest rates should be raised this year or in the middle of next year at the latest, Philadelphia Federal Reserve President Charles Plosser told CNBC Monday.

Blogs                                                                                                                             
CATO | Chinese Currency and the U.S. Financial Crisis
China was eager to buy our debt, both Treasury bonds and Fannie and Freddie’s debt. But it was Congress that ran the deficits, and the Fed that kept interest rates artificially low.
Minyanville | What the Fed Is Doing to Gold
The price action in the S&P 500 Thursday was certainly bearish short term, but a back test of 1,300 or possibly even 1,280 could give rise to a Phoenix.