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Thursday links: absent edition
Abnormal Returns — ... Due to unforeseen circumstances there will be no linkfest for a few days.   In the meantime you can check out some of the other notable linkfests out there:  Kirk Report, Economist’s View and naked capitalism.  Good luck out there. Thanks for checking in with Abnormal Returns. Feel free to contact us with any questions and/or comments.        ...

Dollar Falls on Rate Cut Expectations as High as 75 Basis Points
naked capitalism — I've kept seeing mention of a possible 75 basis point cut by the Fed. As much as some traders seem to be lobbying for it, your humble blogger would regard Fed setting its policy rate at that level as entering the famed ZIRP (zero interest rate policy) land that has played a big part in persistent deflation/stagnation in Japan. Now some have said that cutting rates that low would merely be the Fed endorsing the fact that the effective Fed fund rate has been below 1% for a few weeks. But that may well be the result of not having worked the bugs out of some of the Fed's shiny new tools, particularly paying interest on reserves. As the blog ...