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  • Market May Get Cheaper, But Tail Can't Wag the Dog Forever [View article]
    If you were to superimpose on the chart above a graph of the total debt level from the mid '80s to now, it makes the neat cycles of sideline cash at '87, '90, and '02 less meaningful to the trip there now. The decades long global debt bubble build and present collapse is what's driving the markets, not the smaller scale cycles of those three previous years.
    Jan 13 20:37 pm |Rating: +1 0
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