SuddenDeath
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Bernanke said rate hikes start at unemployment 6.5%, it went from 7.3 to 6.7 in 2 months. Its wont be long before the threshold is reached.
This is why the 10 year is over 3% yield.
thats a huge drop.
did he really say it like that he is usually a bit more inscrutable (if thats the right word)