A week prior, investors were optimistic about a new securities regulator, hoping for higher prices and an easing of regulations. Unfortunately for investors and for him, he took the job right as the market was poised to begin a decline of as much as 50 percent.
The analog continues to bear fruit.
The ChiNext is 4.4% above its 52-week low set on September 15, 2015. If that low is taken out, it will be clear to everyone a new decline is underway.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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