PKey Newsbr•nbsp;Russia’s central bank probably doubled spending of foreign reserves to defend the ruble from its biggest weekly plunge against the euro in more than four years. (Bloomberg)brimg alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/a56c87c5-8253-45b7-aa80-26c89da2fa75/120208-1.JPG _width=75 _height=75brnbsp;br•nbsp;The Canadian dollar recovered some ground versus the U.S. dollar on Tuesday but remained range-bound and at risk of pressure from falling oil prices and political uncertainty in Canada. (Reuters)/P PQuotable brThe great question is whether the government will succeed in reinstilling the inflationary spirit of reckless abandon in American lenders and borrowers.nbsp; Debasement is what the authorities are driving toward.nbsp; It’s why they keep inventing new [lending] facilities.”br Jim Grant/P PFX Trading – Can you say 1% Treasury Bond Yield?nbsp; brThe Fed’s announcement that it will start buying Treasury bonds, along with everyone else in the world it seems, pushes the Fed into official Quantitative Easing (QE) territory.nbsp; /P Pnbsp;img alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/a56c87c5-8253-45b7-aa80-26c89da2fa75/120208-2.JPG _width=75 _height=75/P PbrA recent article, dated October 10th, carried in the ...