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The appointment of Kevin Warsh is a market stabilizing mechanism, claims
Morgan Stanley
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Strategist Mike Wilson believes Warsh will serve as a credibility anchor
for the current government’s monetary policy.
8 minutes ago
Seed Newsvine
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Seeded by Brian Stora
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My colleague makes a good case that Europe is on the verge of a double dip. What about America? Its odds of recession have risen in the last month but I’d still put them below 50%. Yes, stock and bond markets have discounted the worst, but the hard data has actually gotten better. First, there was the positive employment report last Friday, largely drowned out by Standard & Poor’s downgrade of America’s credit rating.