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Reading the tea leaves of the global economy

Who is right about where we are in the current economic downturn? If you are a stock market investor, you appear to believe the worst is over.

Markets have regained a degree of poise over the past couple of weeks, suggesting investors have come to terms with the fact that the global economy is slowing down and the US economy is possibly in recession. They believe the outlook for the next few months is one of a gradual climb out of the pit.

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