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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (152015)	12/11/2010 12:44:56 PM
From: Katelew	Read Replies (2) \| Respond to of 542566

I don't disagree with your statements. The percentage move though was surprising. Personally, I'm quite OK with rates backing up. My guess is the economy will derive a net benefit of slightly higher rates. Whether or not this week's action means the bond vigilantes are warming up is the question, I think, in plenty of minds right now. Only time will tell. It was inevitable that they would back up once people became convinced that economic growth would revive beyond 3%. Yes, but the extra growth is being bought with deficit spending. It's not organic or natural, and that's the problem. The markets may be taking a longer view of things.