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Love Affair with High Risk Debt Overtakes Bond Market

The most important single factor in shaping security markets is the public’s psychology. That was Gerald Loeb’s observation about how financial markets operate. And history has proven this assessment to be consistently true. What about now? Although the broader bond market (NYSEARCA:AGG) is generally considered to be a more conservative place to invest versus stocks, there’s been …

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The First Inning of China’s Bear Market

Never mind China’s reputation for cooking the books; its raw uncooked economic data is sagging. China’s unexpected drop of 18.1% for February exports was the biggest decline in Chinese exports in almost five years and its biggest trade deficit ($23 billion) in two years. (Analysts, that over-optimistic bunch, had forecasted a 7.5% rise.) In January, …

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