john hussman presentation - on mean reversion & bubbles. 2

John Hussman presentation - on mean reversion & bubbles. 2/5/14http://www.scribd.com/doc/222207163/John-Hussman-Wine-Country-Conference-2014-VeryMeanReversion

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*** This is key **** I am hearing this view elsewhere as well. Why this is key – is that (for example), as the US shrinks its deficit, so will shrink the excess US corporate profits etc etc.

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