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Nothing which could not be resolved by timely central bank intervention to maintain financial stability, which after all is the job of central banks.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Mar 17th, 2012 at 07:06:43 PM EST
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You know as well as I do that's not the job of the Bundesbank, or of the ECB as understood by the Bundesbank.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 07:08:22 PM EST
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Still, they did intervene and they did resolve the issue.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Mar 17th, 2012 at 07:14:55 PM EST
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Well, yes, as long as it's banks and not sovereigns that are being liquidity-squeezed, it's all right.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 07:16:34 PM EST
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