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Investors (or should I say “Johnny-come-latelies”?) last week again favored the reflation trade on the back of better-than-expected US earnings announcements and economic data, indicating that the trough of the recession might be behind us, or at least be stabilizing at depressed levels. Read all about this and the implications for financial markets in the weekly “Words from the Wise” review. [...] | |||||||||||
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