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Paul Krugman on the yield curve

  Paul Krugman on the positively-sloping yield curve
  Memo to self: yes, but it still has some information: whether Fed has some chance to raise interest rate.  As long as the market expects the Fed is determined at the zero interest rate, the yield curve will be more flat.  Therefore, the form of the slope is irrelevant, but still the form gives us some information.

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