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To: robnhood who wrote (106099)6/4/2001 3:17:22 PM
From: John Pitera  Respond to of 436258
 
I think there are elements of both things at work.

it's interesting to note that the steepening of the yield curve is taken as a confirmation of an impending upturn in the economy on bubblevision. Most on here seem to think it is pointing to reluctance
of the long bond boyz to go along with easy Al.