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Count on This: Next Year’s Financial Markets Won’t Be So Nice


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At some point, central banks’ veil of omnipotence will be pierced.

The annual rite of unveiling economic and market outlooks compels your faithful correspondent to attend various presentations, ranging from crowded corporate conference rooms with tepid coffee and stale bagels to lunches at pleasant locales.

From these presentations one might be able to discern the thinking of the investment world’s elite—which may give clues to what is likely not to happen.

That...


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