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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: que seria who wrote (472)8/25/2003 1:55:40 AM
From: Conan  Read Replies (1) of 110194
 
The Fed will not "clamp down" until Bush has re-election sewn up. That won't be certain until the end of 2004. I would expect a series of 25 and 50 basis point hikes in Fed controlled rates beginning in December 2004. They will probably take very big bites at first. I expect them to be at a discount rate of 4% a year after the election.

Conan
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