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2007

Still No Going Back; Eighth Anniversary

By |2015-08-10T12:07:34-04:00August 10th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Yesterday was the eighth anniversary of the end of the eurodollar standard as a functioning system. Though the attainment of such dizzying scale was completely artificial, finance unbacked by real economy, it at least to that date had remained in more than superficial order. Reviewing the systemic break of that day remains quite useful in understanding where we are now, [...]

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