The only comparable event is the post-World War II Baby Boom in the US. This is an opportunity, and can be a huge challenge, because all those people will want to be well-fed, educated and productively employed.
It could well be that the Fed will disappoint the markets tomorrow.
To avoid a rout, the Fed may well be forced to control the pace of normalization of rates with more QE.
That a primary dealer could be so leveraged may well prompt questions about the New York Fed's scrutiny of firms it routinely deals with.
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The result, if all goes well, will be a mixture of hydrocarbons that can be fed into the stage of the oil-refining process just before petrol and diesel emerge from the stills, and at a price that competes with the equivalent chemical mixture produced by traditional methods.
We can imagine both bullish and bearish outcomes to stimulus reduction, but believe the Fed would be wise to choose a path that is well telegraphed and methodical.
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After the market closed, the Fed announced that its chairman is recovering well and should be back to work by the end of the week.
The International Tennis Federation, which organises the four Grand Slam tournaments as well as the Fed Cup and Davis Cup, said it would be in contact with the UAE's tennis federation.
It could well be that he is thinking that if the rest of government is going to be tied down in gridlock the Fed must act with more aggressive efforts than it would like to.
The cars, which can be seen elsewhere in Tunisia as well, were luxury vehicles favored by the Tunisian elite, torched by a revolutionary public fed up with the failure of those elites to provide economic opportunity that would lead to a life of dignity.
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