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Source: Tom Toles, Washington Post, March 20, 2009.


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Output-gap driven SARB slashes rates by 1%

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By Cees Bruggemans

At a rescheduled MPC meeting today, one of ten to be held this year, the SARB for the third meeting in a row slashed interest rates, with prime falling by 1% to 13%.

In its statement released after the meeting, the MPC put much emphasis on the extraordinary […]

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Nouriel Roubini: Public-Private Partnership Investment Program – Will It Work?

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Given how critical Nouriel Roubini has been in the past regarding various government plans to fix the US economy, his take on the new plan of the administration to buy toxic assets is surprisingly positive. This post reports on his reasoning. […]

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