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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (78894)2/12/2007 12:41:36 PM
From: Mike Johnston   of 110194
 
So long term rates should go up even if the US consumer goes into hibernation and a global recession results?

I am not making that call, just considering it as a possibility, since FCB's would disappear as heavy buyers of US bonds and they have been setting the prices at the margin on US debt.
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