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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)
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From: Moominoid9/24/2006 9:19:37 PM
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An interesting factoid I was reading about over the weekend is that in the one soft landing the Fed actually managed to engineer in 1994-95 the yield curve didn't invert. Rather long-bond rates rose steeply crashing the bond market. To see whether this is important we would need to find out whether there were any Fed engineered hard landings without a yield curve inversion.
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