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On the unfavorable facet, these nations put up with from dreadful sentiment, crushing youth unemployment, and wide economic underperformance. Their governments range from unappealing to unstable. Still, Hedgeye’s Macro readings have not however flashed a definite Prolonged or Short sign.
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Price manipulation is of minimal influence — risk spreads on European credit rating default swaps are down, but there’s not sufficient oomph inside a unfavorable return on consumer discounts accounts to drive to a complete Restoration.
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