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Spooked by a Combination of ‘Flations’
What not to do with your money now…
It has been the worst June in 77 years, says Bloomberg. In June of 1930, the Dow lost 18%. So far, it is down 9.4% this month. Since this is the last day of the month, we presume that is where it will stay.
The rest of the news is not much better. Oil closed over $140 a barrel on Friday. OPEC’s president says it could go to $170 by the end of the year.
And the New York Times says the number of people who can’t pay their mortgages continues to…
1Jul2008 | Daily Reckoning | Comments Off | Continued
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