We may have passed the point of maximum pain in the debt and equity markets.

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Apr 24, 2008
Ron Muhlenkamp commentary: In the U.S., we’ve had ten recessions since WWII. In each case, the slowdown was triggered on purpose by the Fed, which acted according to its charter in containing inflation. But they also squeeze out the excesses of the prior expansion."


"We may have passed the point of maximum pain in the debt and equity markets. "


"From an economic point of view, the questions concern recession:"


Are we in a recession?

When will we know?

What shape will it take?

How long will it last?

How deep will it be?


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