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Wednesday, July 11, 2012

Monetary

News                                                                                                                             
WSJ | German Inflation Falls
Consumer price inflation in Germany, Europe's largest economy, fell in June to its lowest annual rate in a year and a half, the Federal Statistics Office said Wednesday, confirming its preliminary data published June 27.
CNN Money | Calls for QE3 grow as economy wanes
Is more stimulus on the way from the Federal Reserve? Wall Street sure thinks so.

Econ Comments & Analysis                                                                                            
AEI | The Federal Reserve: The Biggest Systemic Risk of All
Oh, the trials and tribulations of being a modern central bank! There are the unrealistic expectations of how much you know about the economic present and future (encouraged by your own PR, of course). There are the equally unrealistic expectations of how much you can control the economic future (encouraged by textbooks). And then there is the infinitely frustrating nature of the financial markets which you would like to manipulate.