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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, August 3, 2011

Rosenberg Daily Soundbites

  • Overseas equity markets are down pretty well across the board with some significant losses in Asia; gold continues to break out to new highs; bonds are fairly quiet
  • The fact that the market has broken down following the much-ballyhooed debt plan suggests that investors are less than impressed with a bill that saves much of the tough slogging for down the road
  • Structural headwinds undermine housing recovery

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