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Saturday, 19 July 2014

The Classic Boom Bust Cycle Continues, Rampant Business Lending In The U.S.

Further stock market gains are facing heavy headwinds in the U.S. as earnings growth is slowing and the Fed is indeed tapering (for now). The reach for yields driven by artificially low interest rates have rocketed many asset prices upwards to new all-time highs, some reaching spectacular highs (though some have slipped back a little in recent weeks).

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