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@ChartingProdigy Agree, we’re tracking 2007-08 pretty well. We’re seeing velocity in unemployment. The one thing is, in September 07 the rate cut was 50bps, are we getting 50bps in September or just 25? If we get more cool job data my guess would be 50. Right or wrong, it’s not good.
@ChartingProdigy The question is now Ron, does the clock start with Powell confirming the cut at Jackson Hole or the September Meeting with the cut itself.