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

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To: Paul Kern who wrote (77976)1/22/2007 11:19:50 AM
From: Mike Johnston  Read Replies (1) of 110194
 
Last spring had a lot to do with the Fed starting some very hawkish talk, which was not the case before.

Remember Kudlow mentioning that the Fed is prepared to "shock" the markets with a half ?

Of course, couple months later it turned out that it was all talk, they have not meant it, as minutes of the following meeting indicated that half a point was not even on the table.
Gold declined from $730 to $550, so that jawboning campaign was a success for them.
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