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Re: Dollar to "Firm" in the Next Contraction, says Bob Hoye! Mkts to Tank in Fall.
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.
