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E.Central MN | I think the Fed is learning. I can't remember exactly, but maybe 10-15 years ago oil prices spiked and manufacturers and shippers couldn't absorb the increased cost so prices started going up. The Fed thought the rising prices was a sure sign of inflation so they started increasing interest rates. After a month or so the Fed realized that there was no inflation other than what was caused by the higher oil prices so they cut rates before the economy went into recession. | |
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Bottom Line Losses of Some Companies in 1981
