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...about a lengthy rally
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Quote
"Equties: And then there were nine", Financial Times, January 3, 2016 , John Authers
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...on the wealth effect
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Excerpt
"Economists are calm, even if equities are not", UBS, January 2016 , Paul Donovan
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...on inflationary hypochondria
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Quote
James W. Paulsen , Some Thoughts on 2016, Economic and Market Perspective, Wells Capital Management, Inc. January 4, 2016
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Resetting Production And Risk Perceptions
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" 2015 must be remembered as the year of divergence. The economy “unexpectedly” fell apart in broad-based and sustained fashion, yet Janet Yellen’s pedigree still counts far more in seemingly so many places"
Alhambra Investment Partners, 31.12.2015 , Jeffrey P. Snider
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Global Growth: The Underappreciated Gift That Keeps on Giving
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"Take this widely acknowledged truism: Global growth is weak. This meme has constantly dominated headlines, not only this year, but throughout most of the current expansion."
Fisher Investments MarketMinder, 12/28/2015
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A Year In Junk
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The most important outbreak or story of 2015 had to have been the junk bond reversal. It combined all the major elements of what investors and economic agents are both fearing and, at one point in the past anyway, hoping.
Alhambra Investment Partners, 31.12.2015 , Jeffrey P. Snider
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It’s a Trap: Emperor Palpatine’s Poison Pill
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Washington University in St. Louis, December 1, 2015 , Zachary Feinstein
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The Chinese Currency in 2016: Bigger But Smaller
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"China may enjoy a net current account surplus, but she has simultaneously been borrowing huge amounts of US dollars. In short, the peg to the US dollar has effectively dollarized China’s inflating domestic financial markets, and the scale of this bubble is eye-watering."
CrossBorder Capital, December 15th 2015 , Michael Howell
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The Apex Of Market Stupidity
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"In the last five decades, there has never been less thinking going on in financial markets"
GaveKal, December 8, 2015 , Charles Gave
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How The Best of Intentions Destroyed Liquidity
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"Milton Friedman once said that laws should be judged by their results rather than their intentions. Liquidity has disappeared, and it is directly attributable to the Volcker Rule."
Mauldin Economics, The 10th Man, December 10, 2015 , Jared Dillian
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