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  1. C

    US January PPI 6.0% y/y vs 5.4% expected and US initial jobless claims 194K versus 200K estimate

    @climpah True. Right now the 20 year real yield is 1.5%. It is reasonable to believe that there is still some reward for taking risk in stocks because real earnings can grow much faster than 1.5%/year over the long term.
  2. C

    US January PPI 6.0% y/y vs 5.4% expected and US initial jobless claims 194K versus 200K estimate

    @climpah Even with 0% real growth the market would beat 5% yields when inflation is 6%.
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