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Marking the 4-Year Reflationary Rally: How Much Better Off Are We Really?

Growing amounts of data show a failure to thrive
Monday, May 6, 2013, 11:31 AM

The U.S. stock market rally has recently passed its fourth anniversary after the terrifying lows of March 9, 2009.

During that time, massive and unconventional reflationary policy from the Federal Reserve has managed to lift the S&P 500 by nearly 70%. But perhaps even more improbably, it has finally (?) built a floor under U.S. residential real estate prices. » Read more