Kinsley on SS

JayHecht at aol.com JayHecht at aol.com
Mon Jan 25 12:20:19 PST 1999


In a message dated 1/25/99 1:37:17 PM Central Standard Time, hliu at mindspring.com writes:

<< Others are less visible, such as the

inverted interest rates curve that preceeds recessions. >> Henry,

How is this a market inefficiency? To my knowledge, there is absolutley no adequate economic or financial theory to explain interest rates.

Jason



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