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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,886
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Quote:
Originally Posted by tabs
75k when 180k were expected.
Powell says, "The FED will be closely monitoring the economy and will take the appropriate action. " That is comforting to know.
"1.75% by years end for the 10 year" some think it will push all time lows in the 1.3% range.
It is rather perverse to think that bad economic tidings drive the sp higher. That is Alice In Wonderland. So the question becomes what is wrong with this picture? What fuels that rational and makes it operative?
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Very good question Tabs. My answer is that I dunno... It must go a bit beyond because interest rates are low, so people have nowhere but equities to pour money into.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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