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July 2013

Markets: The investor’s dilemma

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Stocks are expensive. Bonds are expensive. What is an investor to do? Unfortunately, the only answer appears to be to invest in new and…

Mr. Gerard Colaco: Over the last three decades, we have come across any number of articles of the kind forwarded by you from the Financial Times. The overwhelming majority of such articles are very well written, very erudite and very wrong. No country of the world in the last two centuries has been written off more and more often than the United States. So far all these doomsday predictions have been wrong.

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