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Why the ghost of 1937 is haunting the Fed and this market - MarketWatch

http://www.marketwatch.com/story/why-the-fed-and-investors-can-shake-off-this-ghost-of-the-past-2015-06-16

Commenting on Monday, Michael Arone, chief investment strategist at State Street Global Advisors, said (h/t CNBC) the Fed has to move past the “ghost of 1937” and stop worrying about hiking rates too prematurely. Arone noted that 78 years ago, consumer ...

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