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To: ms.smartest.person who wrote (697)2/9/2006 11:12:06 AM
From: Rarebird   of 3198
 
>>I've been very skeptical of this notion to say the least with our current deficit way above the 5% crisis level and the YIELD CURVE now INVERTED.<<

Each of the six economic recessions in the US since 1970 was predicted by a yield curve inversion. One instance - in 1998 -was not. That was because of numerous Fed announcements to the effect that US "productivity" was exploding. What ultimately exploded was the 1990-2000 Nasdaq stock market bubble.
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