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Byron Wien: Fed Protecting Itself In Case Thing...
The Fed is trying to provide a safety net, says Byron Wien, Blackstone Advisory Partners vice chairman/former Morgan Stanley chief U.S. investment strategist, who adds he isn't seeing anything different than what the Fed is seeing but he sees a favorable outlook and the Fed's low-rate policy is just method to protect itself in case the economy gets worse.
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Byron Wien: Fed Protecting Itself In Case Things Turn South
The Fed is trying to provide a safety net, says Byron Wien, Blackstone Advisory Partners vice chairman/former Morgan Stanley chief U.S. investment strategist, who adds he isn't seeing anything different than what the Fed is seeing but he sees a favorable outlook and the Fed's low-rate policy is just method to protect itself in case the economy gets worse.
Date: 2/9/12
Views: 135
Video by:  CNBC
 
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