O'Sullivan Doesn't See Fed QE Driving Much Growth

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Nov. 3 (Bloomberg) -- Jim O'Sullivan, chief economist at MF Global Ltd., and Dan Deming, trader at Stutland Equities LLC, talk about today's stock and bond market reaction to today's Federal Reserve decision to engage in a policy of quantitative easing. The Fed will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation. O'Sullivan and Deming talk with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)


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