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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 671.910.0%Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (40835)11/27/2012 12:55:29 PM
From: Keith Feral  Read Replies (1) of 218833
 
Best thing to do right here! Joke around in the meantime, we'll be chatting about the fiscal cliff 10 years from now. Eventually, US monetary policy will look like Japan with or without fiscal reform.<g>

Efforts by the FED to reform monetary policy is in the first 4 years of reform. Another 4 years of low rates won't give Congress any more incentive to adjust their spending, and it will probably extend another 4 years of "subpar" growth. However, 8 years of subpar growth is probably better than 8 years of cyclical boom and busts like we had from 2000 to 2008.

Unless the FED starts cranking up everyone's mortgages back to 6%, I can't see a recession for another 4 years.
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