The Greek Crisis
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For that reason, when we look at what the Federal Reserve has accomplished, we have to comprehend that only about fifty % of the funds the Fed has injected into the banking system has gone to domestically chartered banks. It is only this domestic portion of the Fed’s injection of funds that can have the greatest possibility of impact on company lending and hence economic growth.
I nonetheless fail to see anyone in Europe that I would contact a leader. Consequently, I uncover it difficult to defend the continued existence of the Euro, as we now know it. At this point in time, I see numerous nations leaving the Euro over the next couple of years. I see a considerably-diminished role for the eurozone in the globe, both economically and financially. I also see …