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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Silver Super Bull who wrote (17626)8/12/2004 10:54:37 AM
From: mishedlo  Read Replies (1) of 110194
 
Kudlow made a very interesting remark the other day. He said that the Fed would increase interest rates if oil prices continue to head higher, because of an 'institutional memory' at the Fed with regard to what happened during the '70s.

I think he is dead wrong.
It will take jobs and retail spending to get him to hike.
Rising oil is spooking the market and taking a toll on the economy already.
.50 bps hikes did nothing to solve rising oil and nor would another .50 or .75 either.

Mish
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