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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: September 5, 2013
Subprime auto loans: same old junk different wrapper
Pundits and politicians have been celebrating the revival of new auto sales as evidence that the consumer has healed and the economy is back on a solid growth path. Unfortunately, as with everything else we have seen over the past … Continue reading
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Pimco’s Gross on “The seventh inning stretch”
Once you skim through all the Cracker Jack fluff at the start, Bill Gross’s recent piece, “The seventh inning stretch” is worth reading: “What perhaps Minsky couldn’t conceive of was the point at which debt, deficits and interest rates would … Continue reading
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