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[littlejohn]

FED may try to run Dems out of office

by putting off rate relief later

than June...

July would seem latest to get ahead

of growing unemployment when campaign

spending is over and masses of staff

get pink slips...1% surge then?...

September would be too late...

The big wage inflation in union wages

pushed for by the gov't last year is

built in and won't be dropping...

Inflated growth numbers put out in

1st quarter looked a little higher than

Main Street reality too...

FED seems to be trying to paint a

pretty picture of things being better

than they may be...


So we watch...LJ