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Tag Archives: treasury bills Treasury Bills

The Dream Lives On

It’s a beautiful dream. Warm. Cozy. Seductive. And it may live on for another few trading sessions, perhaps a week or so. With the dawning of a new year, Wall Street has caught the vision of a credit-tightening cycle in which the Federal Reserve quadruples interest rates but there are no losers. No earnings disappointments, no loan defaults, no layoffs, no bankruptcies, just smooth sailing as far as the eye can see.