Pearls Before Swine - Perils of Free Money

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Uploaded by on Apr 29, 2009

The swine flu could not have come at a worse time. Just when there were signs of a nascent recovery, confidence takes another hit. As a result, reflation trades may be put on ice if investors revert to panic mode again. While it is difficult to assess the full economic impact of the swine flu, we believe some of the dynamics are foreshadowed. This flu may reinforce long-term trends and provide an opportunity for investors to position themselves accordingly.

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