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Dueling Discontinuity Discussion

This morning we consider the “bounding issues” of the economy.

Specifically, we use an electronics concept (amplifier linearity) and twist it around to consider how it’s a good thinking tool for understand the bounds on Fed policy with regard to rates.

After coffee and the charts, of course.

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  1. George. Where is the left shoulder chart? You have omitted it in 2 PN issues. Both sides are needed to get a clear view of where the markets are going.

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