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Archive for July 4th, 2011

Valance Chartbook Update

Posted by WARREN MOSLER on 4th July 2011

The recovery continues to more of an L shape than a V shape.

No signs yet of whether we stay in the current soft spot or move back to 4% growth as most forecast for Q3

(The same 4% forecasts for Q1 and Q2 were continually revised down closer to 2%)

Valance Chart Book

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