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Posted by Mark Bole on June 1, 2008, 12:06 pm
The phrase in the subject line used to come up in this group fairly
often over the last few years, I haven't seen it lately.
Not having cracked open an economics textbook in decades, I'm wondering,
first: are we no longer in that situation? Anecdotally, I see more bank
ads these days with higher CD rates for longer terms.
Second, was the inverted yield curve of the recent past truly the
indicator it was thought to be (recession, or whatever)?
It's been a long time since I've had to even think about putting cash in
a CD with a term longer than 18 months, I'm kinda rusty...
-Mark Bole
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