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Posts Tagged ‘stimulus’

devastating phenomenon. It wipes out the middle class by destroying the value of cash, savings, bonds and other paper instruments. But, how does it affect stock markets? With the Federal government just having added .2 trillion in Fannie/Freddie liabilities of which about 0 billion will likely default, the Federal Reserve having now polluted its balance sheet by some 0 billion worth of toxic mortgage bonds with a 41.6% default rate (1 billion in likely defaults), an …

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