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The headlines are absolutely apocalyptic, drowning out the more rational comments. NJ announced yesterday the rate of virus increases is diminishing. NY commented the percentage rise in infections is slowing. Italy, the world’s

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All markets surged yesterday on the tentative passage of the stimulus.  As I have stated, I am wondering whether the cost is worse than the disease.  As noted yesterday, the global economic cost is around $120 trillion.

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We are living in historical times.  The S & P 500 has moved a record 4% or more in eight consecutive sessions.  The previous record of six days was set in 1929.  Moreover, yesterday the markets stopped trading twice because of declines.

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Friday the all-inclusive June unemployment data is released. The data could be of considerable significance regarding the outlook for monetary policy. As written many times the markets have discounted a 0.75% in the overnight rate by year end with ...

In my view the averages are vastly over bought predicated upon speculation of a roll back of some onerous regulation—more specifically Dodd Frank which has crushed capital formation for the smaller companies, capital which is the lifeblood of capitalism and growth—and greater infrastructure spending....

Will the December 4 Italian referendum be the final geopolitical risk event of 2016?  To remind all the referendum is about a stream lining of the Italian government fearing a possible “Italiexit” if the populists win as was the case in England and the US....