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Saturday, February 6, 2016

Economic Hard Times Ahead

President Obama may end up like Bush 43 did: with an economic crisis to close out his term of office.  I recall Jamie Dimon of JPMorgan saying we just have to get used to an economic downturn every eight years or so.  So we are due.

Just have to get used to it.  There is something very wrong with that idea.

Central banks like Japan's are setting negative interest rates.  How is that not a desperate move?

Check out this blog post from Zero Hedge on 22 bad economic indicators.  22-signs-global-economic-turmoil-we-have-seen-so-far-2016-just-beginning  Zero Hedge has become weekly required reading for me.
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