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Daily Archives: January 23, 2018
Key observations on record exuberance, returns and late cycle prospects
This year marks the ninth year of the expansion cycle that began in 2009, the second longest in recorded history, and an ominous 31-year high in investor confidence. Free-to-cheat-and-steal-financial intermediaries, greased by ludicrous liquidity gifts from central banks, have had … Continue reading
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