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Dow Jones record

The Fed as Bartender: How Big a Boom Will Ben Buy?

March 7, 2013:  Dow Jones Hits (Another) Record High “Dear Jack:  Don’t buy a single vote more than is necessary. I’ll be damned if I’m going to pay for a landslide.” –JFK quoting a made-up telegram from his father, Joseph Kennedy, after he first won election to Congress. “The Federal Reserve’s role is to take away the punch bowl just when the party gets going.”...
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