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inmates in charge of the asylum

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December 11, 2007 – Comments (0)

or "how billion-dollar crybabies dictate government economic policy"

The Fed, in weighing its move, should consider market expectations, says Stephen Stanley at RBS Greenwich Capital. The December federal-funds futures contract remained fully priced for a quarter-percentage-point cut, and showed about 40% odds for a half-percentage point cut. "They've already signaled a cut," he said. "They can't not ease."

http://online.wsj.com/article/SB119725543833319010.html?mod=hps_us_whats_news

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