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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (1908)	7/1/1999 8:22:00 PM
From: N	Read Replies (1) of 3536

I believe the Fed is already starting to manage expectations in the professional market That's interesting... My view is the fed doesn't know..., the most honest think to say about a shift in a trend (to productivity) is to say, we don't know how long we expect this to persist...plus their housekeeping with analytic tools. So like everyone else, they watch quarter by quarter...that's my interpretation of 'neutral bias'. However, I'm not ruling out 'devious' as a subset of 'we don't know'... Excellent bond trade, by the way! At least as effective as psychiatric counseling I bet! Congratulations! Nancy

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