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Not so fast. Don't be looking for that 7% unemployment that Barry lied about any time soon.
Quote:
S&P 500 Overvalued by 40%, Set to Fall, Smithers Says
Oct. 26 (Bloomberg) -- The U.S. Standard & Poor’s 500 Index is about 40 percent overvalued and headed for a drop as central banks pull back on securities purchases that pushed up asset prices, according to economist Andrew Smithers.
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