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February 18, 2012

An Update on LTRO: Impact on the Markets

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So far, LTRO has played out so much like QE II in particular (QE I took place in so much chaos that it was hard to judge the impact) that it's hard to believe. The following graphs show just how similar the two programs have been. Moreover, not only has the reaction been similar in terms of the... FF News: Fundamental

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