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Bernanke – two bullets left

Drew Matus, economist at Merrill Lynch, is throwing more kaka into our forecasting potion (here is the podcast):

Q2 GDP positive, stimulus checks are fading
Q3 GDP negative
Inflation remains very elevated all this year, Bernanke is stuck with 2% Fed Funds rate
Finally, inflation is dropping sharply down to 1.6% core rate in Q1 ‘08
Bernanke’s hands are finally […]

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