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This time around, it look like the “wall of worry” has become “perpetual”. Financial markets have had a powerful recovery since the depths of the financial crisis, despite significant uncertainty coming from all angles: valuations, interest rates, economics and even geopolitics. ... Read more
Having not seen, a decade after the financial crisis, any solution to the subprime problems that caused it, any investor should (as I do) be worried by the return of lending to high-risk borrowers. No way to call those loans ‘‘sub-prime’’. ‘‘Non-prime’’ is the favored word nowadays. ... Read more



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