But there may be some maneuvering room left for newcomers in business to consumer e-commerce, he adds.

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Finally, by making clear that it is not dependent on Obama's kindness, it would be expanding its maneuvering room on other issues as well.

CENTERFORSECURITYPOLICY: Avoiding an American ambush

While excessive disinflation can lead to deflation, it also gives Bernanke maneuvering room if he wanted to unleash further monetary stimulus in the form of quantitative easing.

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