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To: Zog who wrote (69987)10/19/1999 2:22:00 PM
From: pater tenebrarum  Respond to of 86076
 
CPI at 4,8% annualized is not good, it's a catastrophe. the bond market is waiting for the Fed to raise, and the Fed doesn't dare to make a move for fear of blowing up a bunch of hedge funds on the wrong side of the interest rate game. runaway inflation seems all but assured...