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McTeer speech to the Risk Management Association

In a speech before the Risk Management Association Bob McTeer of the Federal Reserve Bank of Dallas said the main reasons for expecting a stronger recovery are the prolonged and massive monetary easing, fiscal policy's move toward expansion, lean inventories and the desire to expand our income faster. Risk management is a fascinating topic, he said, "and personal risk reminds me of what Peggy Noonan wrote about Gary Hart. She said he played Russian roulette, got shot and became angry at the

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