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News Link • Central Banks/Banking

The Deflating Rally

• http://www.zerohedge.com, by Sven Henrich

All central banks were in essence dovish in recent days and weeks, whether the FOMC, the ECB, the BOE and of course the ever active BOJ as well as the SNB as it showed a new record $88B in direct holdings of US stocks.

Yet, despite the record prices on indices, the rally appears to be deflating from within.

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