PPI yr/yr July came in at near 7%. Companies are investing in their stock not their company or hiring.
This is statistically the weakest recovery on record. IMHO this is NOT time to make BIG bets, but time to be defensive. Many think lows for year have been met and that may be, but I have my doubts.
The GULF between corporate balance sheets and the avg American have never been greater....with austerity gaining in popularity, discontent could be breeding.
D
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