Dec

2

If there were any color 100 times more yellow than yellow, the color we put up for stocks up and bonds down, it would have to apply to the 5 percentage point move in stocks favor today. We will see if the deprivation in the fed model, and the common sense view that if interest rates on long bonds approach 5% it will put a whammoo on housing, and everything will spill over as it always does in a Hendry Georgian sense to ultimately crater the other financial and real sectors, is counterbalanced by the Milton Friedman view that adding high powered money is just what the Dr. orders to stop the recession.


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