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The Fed’s decision to unwind quantitative easing is not the culprit here
The US, European and Asian central banks are on the alert as the economy weakens
A good jobs report, with some lessons on trade.
The party is over due to trade uncertainty and rising rates but signs of a downturn are few
There is no alternative even if the US government grows tired of the downsides
The country’s debt sustainability remains on a knife edge
Gaps between long- and short-term bonds may flatten for financial not economic reasons
Systemic failures and the misallocation of capital could cause a bear market
Economic models ignore that some industries and regions will be hit more than others
Take a deep breath — the economic recovery is not in immediate danger
The language of morality tempts America into unnecessary and costly trade wars
Yet it is difficult to imagine how else the White House would fund its spending plans