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Central banks: Two against the world

"Mr Trichet and Ben Bernanke, his governors opposite number at the US Federal Reserve, had both watched with foreboding in the first week of August as weak US economic data led to a stock price slide, while in Europe investors began to run from Italian and Spanish debt. Then Standard & Poor’s added another shock when it cut the credit rating of the US government from triple A to AA plus."

Read the full story at the Financial Times

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