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Renting the way to recovery 

Aug 24, 2011By

It is unlikely Federal Reserve Chairman Ben Bernanke — set to speak Friday from Jackson Hole, Wyo. — will relieve the struggling credit markets with language prophesying a third round of quantitative easing.

That’s not to suggest QE3 isn’t coming. Jim Vogel of FTN Financial puts the chance of future economic stimulus around 50%.

Paul Dales, U.S. economist at Capital Economics, said any such intervention in the secondary market would have a limited impact.

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