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Summary

Economic Barometer (Yield curve) February 2000 comment 1/3/00 image

Interest rates are increasing, albeit slightly so far. This puts us on guard. What was written in September (Barometer 3/9/99) bears repeating. Watch for the yield curve to go negative, ie short term rates to rise above long term rates. Why? When the economy is booming interest rates are generally increas

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