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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (1342)3/5/2004 4:59:34 PM
From: KyrosL  Read Replies (1) of 116555
 
I strongly disagree with your depression scenario as I explained in my post -- a depression means a strongly inverted yield curve, so if short rates are 3, long rates will be less than three, so housing continues humming, so no depression.

I fully agree that Greenspan will never do it suddenly, and you will have plenty of time to get out of your trades.
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