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To: Always Right

And watch the inflation rate continue to creep up.


3 posted on 08/20/2007 6:04:26 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock

Inflation has come down substantially since late 2005/early 2006. It was running 4-5% for a while, and is now sitting under 3%. Along with the sluggish economy it has given the feds a window to cut rates a bit. We can not afford to tighten credit markets too much. So far the fed is playing it about right.


4 posted on 08/20/2007 6:11:20 AM PDT by Always Right
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