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Congrats to the Fed

BY MICHAEL PENTO | JULY 15, 2010 | 11:34 AM | 2 COMMENTS

My compliments go out to the Fed. I'm not sure how they did it but they have managed to cause nearly everyone on Main and Wall Street to fret over deflation. But just because we have one or two months of sequential declines in CPI and PPI, doesn't mean that deflation has become a secular trend.

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