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Bye bye bonds

Is the mechanism by which governments borrow at risk of seizing up?

By Jay Elwes  

Bernanke: the sputtering recovery means interest rates will remain low for “an extended period”

Last week, Ben Bernanke, the chairman of the Federal Reserve Bank, said that the Fed would slow down, or in his words “taper,” its Quantitative Easing operations. By this, he meant that the Fed would pump less money into the US economy—and the possibility of a decrease in this supply of money, referred to by some economists as the only show in town, led to a slump…

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