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May 05 2004
Macro Monitor

Economic Outlook

  • May 5, 2004

GDP growth of 5.0% projected for 2004. But, fast growing U.S. budget deficit ($483 billion in 2004?) is a significant problem for bonds.

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Inflation Interest Rates Economy Federal Debt/Deficit Bonds Treasuries Yield

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Jim Floyd

Steve Leuthold

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