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Equity markets are priced for too much hope & high yield bond markets for too much growth

Be concerned about return of your money than the return on your money in 2017 & beyond

Sooner rather than later, Yellen's smooth shot from the fairway will find the deep rough

Global markets and individual economies are increasingly “addled” and distorted

Damned if you do, damned if you don’t, is the uncomfortable position he is in

James Grant on trouble spots in the US market, gold and what the Fed is doing wrong