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UNCTAD Warns of Too Much Tightening — Stephanie Kelton

Summary:
You may have heard that the United Nations (U.N.) is urging the Federal Reserve and other central banks to stop raising interest rates. That’s how The Wall Street Journal reported the release of a new report yesterday.Not exactly.It’s not the position of the United Nations (general assembly) but the view of an agency within the United Nations known as the United Nations Conference on Trade and Development (UNCTAD). Here’s the report UNCTAD released yesterday....The LensUNCTAD Warns of Too Much TighteningStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

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You may have heard that the United Nations (U.N.) is urging the Federal Reserve and other central banks to stop raising interest rates. That’s how The Wall Street Journal reported the release of a new report yesterday.

Not exactly.

It’s not the position of the United Nations (general assembly) but the view of an agency within the United Nations known as the United Nations Conference on Trade and Development (UNCTAD). Here’s the report UNCTAD released yesterday....

The Lens
UNCTAD Warns of Too Much Tightening
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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