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Putnam Perspectives
- The ECB relies on smoke and mirrors
- Three reasons this credit cycle may be lasting
- Rate volatility poses more risk than rising rates
The economy this week
- Producer prices increased
- The Dow lost 2.4% for the week
- A gauge of consumer sentiment rose
Q4 2013 market trends
- Volatility after the crisis remained elevated.
- Inflation may be down, but is rarely out for long.
- Where are rates headed next?
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