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GOVERNMENTS:
Solutions to Sovereign Financial Crisis
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Thirty Year Chart of Ten Year Treasury Yields
This Trend Will Eventually End
Depression
Fears Abated Double-Dip
Fears Again
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• Reason #1: Low 10-year Returns = High Expected Returns
DOW JONES INDUSTRIALS AVERAGE 10-YEAR ROLLING RETURNS
-15%
-10%
-5%
0%
5%
10%
15%
20%
Dec
-19
Dec
-24
Dec
-29
Dec
-34
Dec
-39
Dec
-44
Dec
-49
Dec
-54
Dec
-59
Dec
-64
Dec
-69
Dec
-74
Dec
-79
Dec
-84
Dec
-89
Dec
-94
Dec
-99
Dec
-04
Dec
-09
NOW!
We Are
Here Now!
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IN SUMMARY