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Daily Archives: June 26, 2013
Shiller: a rare, honest economist, admits what most financial types never will
I disagree with his praise for Bernanke as a savior, as it ignores the reality that Bernanke was a member of the Greenspan-led Fed that helped inflate the very stock and housing market bubbles that he then had to “rescue” … Continue reading
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Q1 US GDP revised below 2% and HFTers go wild
US Q1 GDP came in revised to 1.8% from previous dreams estimates of 2.4%. Stock algos are so far roaring out of the gate on the excited expectation that weakening growth and plunging capex and personal consumption expenditures will prompt … Continue reading
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