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Weekly Market Commentary - The Final Voyage of QE2

Might the markets run aground on unseen risks as the Fed's flagship QE2 program comes to its finish at the end of June?

We do not think so, the economy is much better equipped to handle unseen risks than after the end of QE1.

The real issue for the post-QE2 environment may be the financial position of the United States and the outlook for fiscal, rather than monetary, policy.

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