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Economists React: ‘Huge Step Forward’ - Real Time Economics

Calculated Risk found this 3/18/2009 on blogs.wsj.com

This is a huge step forward , which we have thought inevitable for some time but did not expect to see in the statement today… The point here is to drive new marginal capital flows out of Treasurys, by making them relatively unattractive, and into riskier assets. We aren’t sure $300 billion is ...