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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: July 3, 2013
Sberbank: “commodity supercycle is over”
Kingsmill Bond, chief strategist at Sberbank, tells CNBC that the commodity super-cycle has peaked and we are going to trend down for the foreseeable future. This presents now challenging math for commodity-centric economies (Brazil, Russia, Australia, Canada) who were riding … Continue reading
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China’s financial bind: a familiar saga
Off book accounting, credit derivatives and fat commissions to bankers…the story of China’s present credit crunch is all too familiar. And like the crisis that blew up the rest of the world in 2008, China’s mess is having global implications … Continue reading
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