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Sound money isn’t what you think it is
Many people define sound money as being when a currency’s purchasing power is not declining, but stable. This isn’t quite right, so let’s drill down. Consider two relentless processes occurring in the economy. They are both happening at all times, but it will be easier to look at them separately. One is good, and one […]
January 28, 2016
What Could Push the Economy to the Tipping Point
Although the economy and the stock market are very different entities, they can and do intersect. Their health rely on some of the same fundamentals. Short-term stock market fluctuations, including the recent double-digit percentage plunge, are difficult to fully explain and even more difficult to predict. However, over time, equity markets tend to be driven by fundamentals – sales, margins, and earnings.
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