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Fed Strategy to Trigger 'Collateral Financial Damage': Lavorgnia
Posted to: Around The Web
Friday, February 01, 2013 5:10 AM

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"The Fed is completely underestimating the financial stability issues of its balance sheet," said Joe Lavorgnia, chief economist at Deutsche Bank on CNBC's "Squawk on the Street" on Friday. When rates go higher, he anticipates much collateral financial damage.

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