Liquidity Trap.

News Items weekend edition.

1. Health officials in New York City have confirmed that the virus causing polio has been detected in the city’s sewage system, a little over a week after it was found in samples from the neighboring suburbs of Orange and Rockland counties. Officials say the detection of the virus, known to cause permanent paralysis in limbs and possibly even death, suggests there has been spreading from person-to-person in the community, under the radar of surveillance. (Source: bloomberg.com)