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The price of money

Story date: 2007-10-29 02:59:00
Added on: 2007-10-29 22:00:21


Financial Times - T he Federal Reserve’s dramatic 0.5 per cent interest rate cut on Sep­tember 18 ... In May 1997, just weeks before the currencies collapsed, inflation was only 4.5 ... to crunch as the market struggled to out the owners of dud mortgages and ­mortgage ...


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