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A picture worth a thousand of Keynes’s (and my) words.

November 20, 2008, 11:21 pm

Maybe Keynes’s letter, with my interjections, proved too much for you: Michael Cembalest, Chief Investment Officer of J.P. Morgan, sends out this chart, which shows much the same information in graphic form.

It’s all there in the graph’s title, really. Thanks to Michael for permission to post.

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