Back to Basics

The stock market fell around 5% last week. It did the same the week before that. The last few years made investing look easy. This year is setting the record straight.
What makes this decline particularly unsettling is everyone saw it coming. If we do enter a recession, or if we are already in one, it will be the most widely anticipated economic slowdown in the history of time.
The Fed is trying to destroy demand, and it …

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