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Tyler Cowen yesterday:
How to tell if things are going very badlyIf the Fed ends up guaranteeing commercial paper and/or interbank loans. Too many people are listening to Polonius.
Wall Street Journal today:
Fed to Purchase Commercial Paper In New Facility Backed by Treasury
If you can't find me, I may be under my desk with my teddy bear.
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Comments
You have a Teddy?
I have Snoopy.
Posted by: Bruce | October 7, 2008 3:31 PM