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Here’s What the Smart Money’s Thinking
by Brian Maher Daily Reckoning
The flighty birds of the moment congregate in the stock market. The wise owls nest in the bond market.
The bond market is where you will find them.
That is: The bond market will let you know where the economy is heading, say the veterans.
It will not be so easily foxed by the Federal Reserve’s false fireworks. With knowing eyes it penetrates the magician’s secrets… and exposes the fraud.
New York Times economics reporter Neil Irwin: