DeFlation Concerns Front and Center

Long time readers know that our concerns for a deflation based economic and market cycle have been the primary driving force behind our market positioning. Stock market activity since QE2 has been of a reflationary posture, a posture that cannot get legs with the fiscal policies laid down by congress.  What we are seeing now is step one of this unraveling.

We remain in our leveraged short stock market positions.

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