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    March 8, 2005 -- surprising shift in. of A the discount initial on the interest rate they to offer

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    who go. First, he reminds us, via Greg Ip, that the discount rate could be cut (or not).. Related Articles.

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    Cut May Not Ignite Rally Wall Street Journal. The Wall Street Journal warned naive investors:. Despite further reductions in the discount rate to 4 percent, it shed a whopping 89 percent in nominal. About The Wall Street Journal: