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Week in Review #30 (2008-07-27)

Posted on July 27, 2008

There are signs, here and there, that the declining macro-economic data is entering a broad cycle bottom and that the actual bottom may occur in 2H2009 even if the banking and housing industries take until 2010 to work through their problems. If true (and I agree that this is debatable), the stock market cycle will likely reach a bottom some time before the end of this year, whereupon, as with the stagflation-oriented 1970 s, it will probably muddle through a period of several years of side-tracking, within a narrow range....

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data , economic data , housing , stagflation