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November 5, 2010 / marios

Quantitative easing

If you read the Fed’s statement about the intent to buy $600 billion of long-term Treasury securities and you didn’t understand a thing, don’t despair! Here is a plain English translation by NPR and Slate:

The Fed’s $600 Billion Statement, Translated Into Plain English

You can click on each sentence of the statement and get a witty version of what it really means :)

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