Beginning in late March of this year, the environment for US stocks had changed. The most critical d...
Beginning in late March of this year, the environment for US stocks had changed. The most critical development has been the improvement in the world economy with Asia including Japan stabilising. In the US, consumers have continued to drive growth and have amassed significant levels of debt while unemployment has hit a 30-year low. At the end of June, the Federal Reserve responded to these issues in addition to concerns about US financial asset appreciation by increasing the Fed Funds rate to 5%. Worries of global deflation that had overhung the market have been replaced by fears of global...
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