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No Recession Here—Move Along, Please

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On the "No Recession" side there continues to be a strong suggestion, based on the drawdown of short-term credit (evidenced by increasing yield spread) that growth is picking up again. Given the largely political pressure on the Fed to lower the target rate, and the strong gains in productivity (a real measure of health in the economy), the economy may indeed surprise everyone, which is usually how it happens. For more discussion:

http://mnrtrading.blogspot.com

Al Capital of OR 1:42PM December 09, 2007

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Michael of AK 7:06PM December 08, 2007

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U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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