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Bonds & Bullion Bid After GDP Disappoints

Courtesy of ZeroHedge. View original post here.

A miss for Q2 GDP and slowing growth in employment costs has taken the egde of the 'reflation' trade and lower the boom on The Fed's hoped-for rate-hike trajectory. While stocks are ignoring all the mayhem…

The dollar has tumbled to new multi-year lows…

And gold and bonds are rallying notably…


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