Data Source: Bloomberg
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Market action during the third quarter was largely uneventful despite a moderate pickup in volatility and a “pause” in the global reflation trade. The first two months saw rallies in the global reflation trade, broadly represented by growth technology stocks, emerging markets, commodities/non-U.S. currencies, and corporate credit, only to see investors back
Our Federal Government should stay out of regulations that purposely and adversely affect one competitor in industry for the benefit of another – unfortunately with our lobbyists in Washington DC, that’s just not what happens. We need standardization for our civilization, but must be very careful how we legislate that, or determine such parameters.
All too often those closest to the power base get their way over their marketplace competition. It’s free-enterprise and the consumers who lose, while one group of investors and executives get rich – then are all too willing to return the favor in campaign contributions to keep that gravy train hovering its Maglev Track to future profits.
Not long ago we were discussing this issue at our Think Tank and think tanker Andrew stated:
“The reason why I believe this is such an important issue is a very simple concept. The Federal Government is constantly flip … Read More