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Cory’s Chart Corner
Load MoreHeadline chasing algos need to do deeper dives...
h/t @hussmanjp
y'all realize the UK is only about 3% of U.S. trade, the U.S. already runs a surplus there, and the 10% U.S. tariffs will stay, right?
keep in mind that studies indicate U.S. consumers shoulder the majority of tariff incidence, with minor incidence to foreign countries
Monthly Archives: July 2013
IMF lowers global growth outlook (again)
On Tuesday, the International Monetary Fund cut its global economic forecasts to 3.3% for this year and 3.8% next, citing primarily slower growth in key developing nations as well as a deepening recession in the Eurozone. The IMF also noted … Continue reading
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Surviving the new American dream
Ahead of the FRONTLINE premiere of “Two American Families,” Bill Moyers explores how middle class families are surviving. Twenty-two years ago, Bill Moyers started documenting the story of two ordinary families in Milwaukee, Wisconsin — families whose breadwinners had lost … Continue reading
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Earnings tumbling with global growth
Equity analysts are perpetually bullish–except at the bottom of recessions where they notoriously capitulate to the recency effect and forecast a continuing plunge in earnings just as sales turn up. As a result, equity analysts are as utterly useless as … Continue reading
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