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Divine Intelligence, etc

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The Bear Market Rally This Summer

This summer's rally has so far perfectly fitted the bear market rally pattern. The current super bubble features and unprecedentedly dangerous mix o cross a asset over valuation, with bonds, housing and stocks all critically overprice. A commodity shock and fed hawkishness. And then down here, this is interesting when he says, there were only a few. Thisis an unbelievably good point economic data. Rit can't, you can't trust the data. Don't trust the happy talk. It's worthless, because they can change it later.

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