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Markets Gone Mad
Whitney, Mike http://www.counterpunch.org/2015/09/25/markets-gone-mad/
Publisher: CounterPunch
Date Written: 25/09/2015
Year Published: 2015
Resource Type: Article
Until recently, stocks had been on a tear that pushed valuations into the stratosphere. Volatility stayed low because Bernanke's easy money and QE made investors more placid, serene and mellow. They ventured further out on the risk curve and took more chances because they were convinced that the Fed "had their back" and that there was nothing to worry about. Then things began to fall apart.
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