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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: June 10, 2013
Chinese economy disappoints on massive over-capacity and weak demand
Zhu Haibin, Chief China Economist and Head of Greater China Economic Research at J.P. Morgan says monetary easing may not be effective to address the structural problems facing China’s economy at this moment. Here is a direct video link.
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Gross: Fed likely to taper in 2013 out of necessity
Bill Gross, founder and co-CIO of Pimco, thinks the Fed will have to “taper” its bond purchases by the end of the year because lower deficits in Washington mean the Treasury will issue less debt, which could create a shortage … Continue reading
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