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March 20, 2011

Alternate Scenario Revisited

The week of March 14-18 was full of turmoil and tragedy. We saw dramatic after-effects of nature laying waste to an industrialized nation. We saw central banks initiate their first coordinated currency intervention in over a decade. We saw wild fluctuations in the Japanese stock market. And, most pertinently to the topic of this letter, we saw ...

 

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