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Friday, July 15, 2016

Noise vs. Signal. CasinoNomics v. Deflation

Those who talk incessantly about Central Bank "policy" are just part of the noise. Selling ads while the world falls apart in real-time...

The S&P is up 2.6% year over year. Europe, Rest of World, JPY, Oil are down 10-15%. The Thirty year yield is down -30%. And Deutsche Bank down -55%...