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Tag: stephen roach

The Fed is Heading for Another Catastrophe – Roach

With so much dry kindling, it will not take much to spark the next conflagration. By Stephen Roach NEW HAVEN, Conn. (Project Syndicate) – America’s Federal Reserve is headed down a familiar — and highly dangerous — path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped set the stage for the financial crisis of 2008-2009. The[...]