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Message: Re: Dollar to "Firm" in the Next Contraction, says Bob Hoye! Mkts to Tank in Fall.
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May 08, 2009 09:04AM

May 08, 2009 09:51AM

That is a good point, silverharp. I guess the followup question then is, why does Hoye have such a faith in the bond market to be a rational market, especially with open government intervention? If we accept that markets are not efficient at all times as evidenced by bubbles, certainly the bond market is not immune.

H

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