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Exigent Circumstances
Posted by Jon Faust on 11 March 2009
Aggressively following these suggestions would require a shift in the current policy orientation, in our view. We believe that the downward spiral is a real possibility right now, but reasonable people will differ on this point. Given the risks, the authorities should at least have in place plans consistent with the sort of principles described above.
Robert J. Barbera
Chief Economist ITG,
and