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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 26, 2013

Sentiment on Metals Tanks

Tuesday Feb 26 2013

A reader brings this Contrarian Opinion from Bank of America to our attention.

Lacking any othe rnews event the media linked the stock sell off to the Italian election.  More likely as we have shown the stock market is quite overbought. Bfrett Stephens in today's WSJ notes that the Italian public sector accounts for 49.1% of total gross domestic product. US S government is 41% of GDP. It's  a good column on page A 13 of today's WSJ.

Markets are up this morning, higher highs in stocks ahead I expect. 

 

Posted at 08:50 AM |

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