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Daily Archives: March 16, 2015
Economy, oil, yields and earnings down. Stocks suicidal
The major economic releases today were all weaker than consensus forecasts. Oil fell below its March 2009 Great Recession bottom in sympathy. North American treasury yields fell too. Buybacks notwithstanding, corporate earning forecasts are rolling over (see below). As they … Continue reading
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Boomers more likely to abuse drugs of all kinds
Boomers are presently between the ages of 50 and 69 and the dominant force in policy making in most developed countries. It’s no coincidence then that pot use is being increasingly legalized. But that isn’t the half of it. Baby … Continue reading
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