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Bridgewater Co-CIO: It Will Be Worse Than Everyone Expects

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Nancy Pelosi: "End Liberty Checks NOW!" [sponsor]
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Five Indicators Suggesting 2000 May Be A Better Analog Than 1998
As a conceptual exercise, it may be useful to frame the current episode of market volatility (both upside and downside volatility) from the perspective of the stock market declines in 1998 and 2000. This is because the market decline in 1998 (fueled by the disrupting failure of Long-term Capital Management and the sharp devaluation of the Russian ruble) was quickly arrested and stocks went on to increase by another 58% before they eventually peaked and the real bear market started. Read more>>

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USDJPY Hits 110 After Dovish BOJ, Export Slump
The yen has been weakening all day, and moments ago the USDJPY hit 110.00, the highest level since the start of the year - rising alongside 10Y TSY yields and S&P futures - after Japan's exports fall and Bank of Japan cuts inflation outlook again. Read more >>

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Bridgewater Co-CIO: It Will Be Worse Than Everyone Expects
One day after Bridgewater founder and billionaire Ray Dalio told a Davos panel that the "one thing that scares him the most" is that during the next downturn in global growth, which will hit both markets and the economy, central banks will have virtually no ammo to spark another rebound, Dalio's top lieutenant, Greg Jensen, who is co-chief investment officer of the world's biggest hedge fund (excluding various central banks, of course) said "he sees a more negative outlook for growth than the markets and policy makers." Read More >>




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