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It wasn’t quite a QE III but it came close. This week the Federal Reserve Bank extended the time period in which they would keep a lid on short term interest rates to 2014 while at the same time pushing longer term rates lower. Investors liked that and bought stocks on the news.
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It has been a long time since oil production in this country has been a source of growth. Between domestic regulation, depressed energy prices and off-shore projects, the action in oil has been elsewhere. Now that is beginning to change. |
