While central bankers in Europe and in the United States are concerned about short term deflationary trends, those of us who live in the real world know a different story.
With the Easter holiday approaching combined with Passover and extremely low volatility, markets began to wane heading into the weekend.
Over the past weeks, much attention has been focused on the second largest economy in the world and whether their economy will continue to soften.
Slower growth in their money supply and tightening credit conditions implied slower Chinese growth and caused commodity prices to crash.
The combined efforts of ECB President Mario Draghi and heightened tensions in the Eastern Ukraine have caused the euro to falter.
The U.S. dollar experienced a period of extremely low volatility last week, let us just blame it on tax season.
It has been a wild ride for some equity investors over the last few weeks.The high-flying growth stocks that powered much of 2013 are enduring sharp losses.
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