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Nobody Saw This Coming

Earnings are soaring, the few remaining bears have been discredited, the stock market has been making new highs, the housing bubble is headed for a “soft landing” and Goldilocks doesn’t have a care in the world.
To top it off, BusinessWeek is reporting A Do-Nothing Fed Is Looking Less Likely.
The notion that the Federal Reserve will be cutting interest rates next […]

Read entire post by Michael Shedlock

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