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It would be interesting to see how the market would react to this kind of surprise. Drop hard because it was too much to fast or go higher because we are done. I'm thinking it would be the go higher because we would be done.
With Greenspan gone the end of salami slicing hopefully will end. I am counting on Bernanke to be his own man and the best way to establish this would be to raise the Funds Rate 1/2 pt. and end the tightening.
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