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sleepy (always sleepy) 于 (Wed Apr 14 12:28:38 2004) 提到:
My opinion. Comments welcome.
People are speculating on the increase of interest rates. Recent fall of bond
prices/rise of yields is a piece of evidence. I think the Fed will be cautious
this time. So I'm bullish on bonds.
The reason that US economy recovered so fast is largely due to strong consumer
spending, which support 2/3 of the US economy. Even amid falling employment
and stock market, peo
