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David Weigel | August 8, 2006

The fighting in Lebanon won't cease, Shiites watch their influence increase, and whether or not the Fed will experience a caprice... in the new Reason Express.

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|8.8.06 @ 1:52AM|#

And here's a possible play if the Fed raises again and the language doesn't presage continued rate increases:

Watch for the markets to take a HUGE dive down, but then recover nicely cuz folks will figure that this really has to be the last increase, and they will see it as an assessment that the economy is healthy enough to take one last increase, and we're kinda over-sold anyway. So be nimble my beautiful libertarians (you too joe). You can make money in both directions in the same afternoon.

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