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Saturday, December 13, 2014

1929 Deja Vu: Let's Just Pretend This Isn't Happening

"Way back in 1929, no one seemed to notice that commodities had peaked several years earlier. They also didn't pay too much attention to the fact that bonds had peaked a year earlier as well. Stocks continued ploughing ahead, as if they could never go down again"

The year has passed. Credit markets have been "risk off" since January


Emerging Markets Debt


Etraders: Always the last to know