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What’s really going to bake your noodle later on, is realizing that rate hikes are not nearly as effective at dealing with deficit-driven inflation as they are at dealing with lending-driven inflation.

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Doubts are growing that the Warsh Fed will hike rates, @annerquaye and @johnauthers write. And that leaves an opening for gold https://t.co/9MBdz83TKW

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