Current Commentary: Sweet Music to Soothe the Savage Banker By LARRY M. ELKIN

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The world’s biggest central banks came together September 15, 2011, in a financial choir to sing a hymn called “There Will Never Be Another Lehman.” It was music to the ears of financial markets. European and U.S. stocks moved sharply higher on the announcement that the U.S. Federal Reserve, the European Central Bank and their counterparts in Japan, Switzerland and the …

eHeziCurrent Commentary: Sweet Music to Soothe the Savage Banker By LARRY M. ELKIN