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Daily Archives: July 16, 2013
More on why risk-blind bulls will be proven wrong
Once more to the fore: the US stock market is near cycle highs (again). In a rare useful clip, Seabreeze Partners Management’s Doug Kass explains why he believes present prices are unjustified and unsustainable.Here is a direct video link. The … Continue reading
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US GDP trending down
With yesterday’s miss in US retail sales, notoriously optimistic investment analysts are reluctantly having to downsize their estimates for US Q2 GDP. The official first guesstimate will not be released until July 30, but as of today, the consensus just … Continue reading
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Fed Plosser: QE costs over-riding benefit, taper by fall and end by 2014
Federal Reserve Bank of Philadelphia President Charles Plosser talks about the Fed’s quantitative easing and the time frame for trimming the central bank’s monthly bond purchases. Here is a direct video link.
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