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June 16, 2017, Vol. 35, No. 12

The apostasy of Jeremy Grantham

The oracle of mean reversion, anatomist of bubbles and prophet of climate change has changed his mind. Should we change ours, too?

'Further research' required

The whys and wherefores of radical monetary intervention as explained by a central banker to an audience consisting (evidently) of school children. Something lost in translation, we hope?

At donuts drawn

"False allegations," "misinformation" and a rocket fired by a Toronto law firm. It seems that someone spoke without permission to a certain financial analyst.

Two hips joined

With news of another positive print in GDP growth, the long-running Australian economic expansion sets a new world record for the greatest streak of unchecked prosperity in modern times. How a lucky country shackled itself to an unlucky one.

Heavy lifting in store

In the past three months, foreign central banks have resumed their purchase of Treasurys. Another impediment to a higher Fed funds rate and a steeper Treasury yield curve.

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