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2009-09-20 — blogspot.com
" I think the main fault in the "bullpen" may be the assumption that a stock market rally somehow also means a recovery in the real economy. If such a recovery is not forthcoming, many would agree, a rally will necessarily be shortlived. So, once again, let's focus on that real economy, since that is where the key is, not in the stock markets, which can remain disconnected from it only for so long."
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