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Tuesday, February 7, 2012

Monetary

News                                                                                                                             
CNBC | SEC to propose new rules for money-market funds
The SEC looks to minimize any losses for shareholders of the money funds, which invest in short-term debt instruments. At least three of five SEC commissioners would need to approve the proposals to submit them for public comment, the newspaper said.

Econ Comments & Analysis                                                                                            
Market Watch | Salmon: Financial reforms shouldn't be scaled back
The Bank of England's Chief Cashier Chris Salmon on Tuesday refuted claims that reforms in the financial-services sector are "too ambitious" and need to be watered down due to the unsettled state of the economy.
MSN Money | All roads lead to inflation
To state the obvious, the Federal Reserve's announcement that it intended to keep the federal funds rate rates at zero longer than folks had expected was perhaps the biggest news of the past couple of weeks.
Forbes | The Federal Reserve's Explicit Goal: Devalue The Dollar 33%
After its latest two day meeting, the FOMC announced its goal to devalue the dollar by 33% over the next 20 years.  The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.