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Wednesday, April 29, 2015

Is U.S. Fed chair Janet Yellen creating a zombie economy?

zombie walk halloween schoolgirl

As U.S. Fed chair Janet Yellen releases her latest statement today and Bank of Canada governor Stephen Poloz defends rate cuts, they must consider a new worry: that cutting interest rates and investor taxes may not be having the desired effect, and actually contribute to deflation, Don Pittis writes.

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