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

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To: GraceZ who wrote (50992)1/23/2006 3:57:42 PM
From: GST  Read Replies (1) of 110194
 
<FF up to 19.10 back in 1981> That is a good point Grace. I doubt that a sharp move in the near future up to that level would be a sign of "strength" in the US economy, but you are right to point out that we have been there before. I don't recall the US shouldering a $700 billion per year capital import habit at that time, but the inflationary trend was extraordinarily powerful and you are quite right to point out the role of a high FF rate to set the stage for a more durable period of economic growth.
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