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Markets right now are pricing the worst.

Eurodollar University

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The Federal Reserve Lowers the Federal Funds Rate

Ben Bernanke in light of stock and Watson coining the term great moderation. Economists at the time were saying well it could be this moving an interest rate around a little bit here and there, but that kind of sounds ridiculous. The dot-com recession was incredibly mild Yet there was very little recovery from it despite the fact that Alan Greenspan's Fed had lowered the federal funds rate.

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