The Fed Is Right, the Unoplame Rate's Going Higher by One %

Ifif the fed is right, tthe unoplame rate's going to go higher by one %. If they stopped raising ratesat around these levels, i think maybe they could go another 50 or 75 or something. I think you might get a shallow vercession, because as peoplehave pointed out, the corporate economyis pretty good. They're still savings from the money spraying back a couple of years ago,. So that could be a buffer. But i think if hiy follow that path, the bonmark, i can't say this strongly enough, the bon market ation of the last few days, and particularly to day, is classic late cycle action.