as an economic slowdown and inflation will curb earnings growth and erode the value of assets
Contrary to the last 25 years, we are in a period of de-leveraging. Corporate profits in particular are still far too high for 2009 and have to be adjusted downwards, and valuations become less compelling
The Fed's policy ``inevitably is inflationary,'' the investor said. ``Their economic knowledge is extremely limited. They confuse the issues.''
http://www.bloomberg.com/apps/news?pid=20601213&sid=a6vr3uRGjrvw&refer=home
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