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The Baseline Starts Here
(FORTUNE Magazine) – As Robert Rubin walks out of Treasury to go salmon fishing, he defines the term "hard act to follow." The decade that began with a brief recession continues to amaze: Declining inflation has been the most welcome benefit; and that, combined with strong GDP growth, has encouraged a robust stock market. A powerful dollar has helped keep interest rates low. The task for Lawrence Summers will be not to surprise us but to keep surprises to a minimum. --Lenore Schiff |
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