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The real economy and equity market mania

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The real economy and equity market mania

Edward Harrison
Jun 10, 2020
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All eyes today are on the Federal Reserve because the Federal Open Market Committee is due to release its policy statement. There is an unusual amount of interest in what Fed Chairman Jay Powell says at the subsequent press conference because of unusual amounts of speculative activity driving US equity markets of late.

Meanwhile, some downbeat real econo…

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