By the laws of superstition and magazine covers, the publishing of these two front pages probably means that the global asset bubble in stocks, commodities and emerging markets is only just now entering its most dramatic, explosive upside phase. Some respected market strategists say we could go straight up for several more months before there's a correction, or worse.
WB7--This one's emerging before our very eyes. Bernanke denies it, Wall Street fears but can't resist it, Obama is oblivious to it, Congress is going to pay for it and we are all going to suffer as a result of it.
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We never learn.
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