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Strategies & Market Trends : John Pitera's Market Laboratory
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From: elmatador8/19/2018 12:14:15 PM
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Ten years ago, as interbank and wholesale markets closed, there was severe pressure on dollar-funding markets. This is when the Fed made itself the lender of last resort for the world. “It was historically unprecedented, spectacular in scale, and almost entirely unheralded,” Tooze writes.

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