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Beijing may have removed missiles from disputed South China Sea island

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"I hope the US can explain to everyone: Isn't it militarization when you send attacking weapons like the B-52 bombers to the South China Sea? Were the B-52s there for freedom of navigation and overflight? If someone frequently flexes his muscles or snoops around near your house, shouldn't you raise your alertness and improve your defense capabilities?" Chinese Foreign Ministry spokeswoman Hua Chunying said at a regular press conference. "China will not be intimidated by any planes or ships. We will only be firmer in our resolve to take all necessary measures to safeguard our sovereignty and security as well as maintain peace and stability in the South China Sea."
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What we find even more amazing is that despite their growing

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What we find even more amazing is that despite their growing lack of faith in their models (models that the FT describes as fiendishly complicated), some central bankers still believe that forward guidance (aka simple jawboning) is an effective policy tool even when they are worried that their fiendishly complicated models are not up to scratch. Let’s just say we’re sceptical on this front. In fact, we’re pretty sceptical whenever a central banker speaks nowadays, as they are often self-serving, duplicitous and completely ignorant of the unintended consequences which we truly believe are yet to be seen from their audacious monetary policy experiments of the last decade. A number of central bankers were either speaking publicly or being interviewed by the media in Washington. Outgoing Fed vice chair Fischer said the US has room for more investment and consumption. Dallas Fed president Kaplan said that business activity was strong and the consumer was in good shape. St Louis Fed presi...
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