Locke: Is it possible to look at the data and say, ok, if the era of quantitative easing produced a certain set of results, then it should be possible to anticipate an opposite set of results from a period of quantitative tightening? Can we make those conclusions, or is the data too complicated in order to draw conclusions like that? I'm with you on the general thrust of it, right? We can have ideas like deflation inflation eras, or ce versus ct eras, and what may happen as a result of that. But then, at least for the near future, looking out a few quartersok? We we switch over to our leading indicators as the the kind of ruling radar

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