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Written by Paul Amery
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Friday, 07 August 2009 07:24 |
In a strategy piece released yesterday, Albert Edwards of Societe Generale points out that, despite all the bullish chatter in the equity markets, nominal GDP is now shrinking in the US and Japan. His conclusion? “In the US and elsewhere, debt deflation is climbing the ramparts and putting the brave but under-armed defenders to the sword.”
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Written by Paul Amery
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Wednesday, 05 August 2009 09:59 |
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Chris Cook’s fascinating blog on the oil market pricing structures that underlie energy ETFs raises several broader questions.
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