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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (339075)7/25/2007 9:53:15 PM
From: Real Man  Read Replies (2) of 436258
 
pimco.com

Nice read

"The U.S. economy in turn will not benefit from this tidal
shift and increasing cost of financing. The Fed tightens
credit by raising short-term rates but rarely, if ever, have
they raised yields by 150 basis points in a month and a half’s
time as has occurred in the high yield market."

I guess this too shall pass -g-
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