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September 18th, 2015 
Awake Goy The biggest shocker in today’s Fed announcement is not that the Fed did not hike: that was telegraphed far away. It is highlighted on the chart below in red: for the first time ever, one FOMC predicts negative rates in 2015 and 2016. Was is permadove Kocherlakota: probably not, he is out next year…
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