Twiddling While the World Burns

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Britain is now in its third straight quarter of GDP shrinkage. Spanish bond rates have rocketed past 7.5%. German ministers are talking openly about letting Greece exit the euro. American Republicans are threatening yet another debt ceiling standoff. And the Fed and the ECB are still twiddling their thumbs, “standing ready” to act if they need to.

Can anyone explain this? Anyone?

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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