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As the FOMC reduced its “liquidity injections” in February, market valuations began deflating. And then this week, following a huge reduction in the FOMC’s balance sheet, the...
One of the reasons why the next tantrum will be worse than before is that equities are in a much bigger bubble today. The price to...
The stock market had soared by 22% in the 12 months prior to the crash of ‘87. In similar fashion, the current market is setting record...