Hip hip, hooray! Hip hip, hooray!
Our little big bull market celebrated its one-year anniversary yesterday, albeit in tentative style. The Dow managed to eke out an 11-point gain, while the broader S&P 500 fared only slightly better. Investors, it appears, are awaiting the next catalyst to keep the momentum going. But are they running out of excuses to buy?
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Deflation, Inflation and Why Paul Krugman Fears Austerity
This is very disconcerting, fellow forecaster. Paul Krugman is making sense… up to a point.
“We are now, I fear, in the early stages of a third depression,� the Nobel laureate wrote in a NY Times Op-Ed yesterday, dipping his toes into a pool we've been sloshing around in for some time.
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