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News Link • Economy - Economics USA

Hussman: The Markets Have Embraced A Madoff-Like Ponzi Fantasy

• Businessinsider.com/
 
Overall, it strikes me that the markets have wholeheartedly embraced the view that the recent downturn was nothing but a typical and purely transitory post-war wrinkle. Yet income continues to deteriorate once government transfer payments are backed out, in stark comparison to other post-war recoveries

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