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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (16177)11/18/2004 10:25:52 AM
From: ild  Read Replies (1) of 116555
 
<<<short the short end and long the long end of the yield curve>>>

Isn't there overwhelming consensus that long rates are going much higher?
IMO flattening of the interest rate curve is bad for the banks and they are not able to hedge for it. Also doubling of short rates is bad for the economy and the banks are part of economy. Credit cards, retailers are still offering 0% APR, but their cost of funds has significantly increased.
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