Even if we have the idea right, if the timing is wrong you might as well be wrong.

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Long Island Assemblyman Joseph Saladino said the timing is wrong because businesses are trying to recover from Superstorm Sandy.

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But though investors may realise that something is bound to go wrong eventually, getting the timing right is a completely separate question.

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Many of us have been proved wrong about the timing of the increase, but everyone I know is sure that long-term rates will eventually be higher.

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