(1) More leading indicators pointing toward recession. (2) Real GDP growth likely to be 2%. (3) Misleading leading indicators. (4) Lots of liquidity in Liquidity Trap. (5) High yield spread more reliable (and worrisome) than Treasury yield spread. (6) Soft patch through yearend. (7) Lehman II, III, or Not? (8) The end-of-theroad scenario in the FT. (9) Can Ben keep his promise to Milton? (10) So what do we do now? (11) Gold and Treasuries are overbought, while stocks are cheap.
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