Tag: industrial production

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By now, we all know what’s happening in Venezuela: hyperinflation, empty stores, a regime in denial. The Trajectory of Venezuelan Hyperinflation Looks Frighteningly Familiar… (Zero Hedge) My contacts in Venezuela tell me that merely posting the black market exchange rate…

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History is rather unkind to blind faith in central banks, just as the rising U.S. dollar and stagnant sales are being very unkind to corporate profits. The quasi-religious faith that central banks can push stock markets ever higher regardless of…

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