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It’s difficult to say whether the first six months of 2008 have lived up to our fears or down to our expectations, which pretty much describes the U.S. stock market just about hour-to-hour lately. What an interesting time to have landed as editor-in-chief of a magazine called Treasury & Risk. There must be a Chinese curse involved here somewhere. Actually, curses may be the operative word. Volatile oil prices added to the collapsing housing market, the continuing credit crisis and falling consumer spending have catapulted the economy uppermost in everyone’s minds.

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