One thing holding the Bank back has been the strength of sterling, which is adding to the monetary squeeze.

ECONOMIST: House prices

Because this time Argentina would see not only a monetary squeeze, but a currency undercut by that of its main (and Mercosur) trade partner.

ECONOMIST: The battle royal for Brazil��s real

Certainly, the fiscal and monetary squeeze has slowed Brazil's economy.

ECONOMIST: Can Brazil hold the line?

He reckons that the government could now get 10-20 extra votes in the lower house for civil-service reform, some of them from congressmen eager to avoid being blamed for the monetary squeeze.

ECONOMIST: Brazil on borrowed time

Sonders and fellow roundtable participant Charles Brunie both found huge significance in the ending of the Bank of Japan's policy of quantitative easing of interest rates, and concluded that it is producing an international monetary squeeze.

FORBES: Big-Caps For Fearful Investors

It was certainly a very radical thing to do when he removed regulations and cut taxes and left the Fed to squeeze out inflation by monetary means.

CENTERFORSECURITYPOLICY: 'Courage'