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deficits

’09 Stock Market Rally

Out of Treasuries, Into Stocks? “Obama Warns Trillion-Dollar Deficit Potential”—The New York Times (Jan. 7, 2009) “Suddenly, a Markets Turnaround”—The Wall Street Journal (Jan. 7, 2009) The stock market is famously forward-looking, so it’s certainly possible that the rally the last month or so — up 10% to 20% from its lows, depending on the...
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