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POG, interest rates, derivatives, page-6

  1. hercules007
    4,542 Posts.
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    30/09/14
    09:52
    Post #: 14047183
    skiddo,

    "Your argument has the tail wagging the donkey."

    Close but not exactly.

    POG is the little tail of the donkey (interest rates). If the tail is sky high how can the donkey not be a giant?

    Thus, POG must stay low.
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