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Economic Research

The Latest Bear Market Sucker's Rally is Losing its Steam as an Onslaught of Awful Macro and Earnings News Takes its Toll

I have been predicting for a while that the most recent bear market sucker’s rally would lose its steam and – like the previous bear market rallies in the last 18 months – US and global equities prices would head again towards new lows.

Let me now explain why…

As my work and the one of our research team at RGE Monitor predicts (we will publish later this week our 2009 Global Economic Outlook, a 75 page research piece for our clients and we recently published our US outlook) this will be the worst US recession in the last 50 years and the worst synchronized global recession in[...]

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