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"Mr Summers' view is that current bond prices reflect a savings glut and low economic expectations.

World business, finance, and political news from the Financial Times

The alternative view has it created by QE and heavy-handed regulatory change for financial institutions. If the latter is correct, we have a false market in bonds. The question is being put to the test. We shall see how far markets fall and what that does to the economy. " By Nick Antill on The Fed looks set to make a dangerous mistake. Fox News - Breaking News Updates. News Online from Australia and the World. Los Angeles Times - California, national and world news.

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