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jbog

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jbog

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Re: DewDiligence post# 121567

Monday, 06/13/2011 9:30:53 PM

Monday, June 13, 2011 9:30:53 PM

Post# of 252478
Dew,

I take it that Roubini was wrong because he didn't correctly project that the original QE1 was going to explode from $100B in GSE backing coupled with $400B in MBS's into unlimited GSE backing, $1.25T in MBS purchases and $300B in Treasury purchases. Next up was QE2, FICA tax reduction, currency manipulation, worldwide stimulus and we aren't done yet.

The SP didn't double on its own.
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