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Friday, September 07, 2012

GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50% - Business Insider

BOTTOM LINE: With today’s August employment report showing a nonfarm payroll gain of 96,000 and an unemployment rate of 8.1% because of a drop in the participation rate, we expect a return to unsterilized and probably open-ended asset purchases at the September 12-13 FOMC meeting. 

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