Get Money for Your Gold and Learn the Jewelry Trade with “Gold Profit Formula,” Says Online Article - YAHOO! Get Money for Your Gold and Learn the Jewelry Trade with “Gold Profit Formula,” Says Online Article - YAHOO!

Saturday, June 9, 2012

Get Money for Your Gold and Learn the Jewelry Trade with “Gold Profit Formula,” Says Online Article - YAHOO!

Get Money for Your Gold and Learn the Jewelry Trade with “Gold Profit Formula,” Says Online Article - YAHOO!

The latest article said “You can get money from your gold using the innovative full-scale training system.”

Austin, TX (PRWEB) June 09, 2012

The most recent article asked, “When you’re looking to get money for your gold, you probably go to a pawn shop or “Cash for Gold” dealer, right?” It then explained that those businesses are cheating people out of almost twice the money they typically end up offering? That’s more than a little upsetting to people who don’t realize it, said the article.

The opportunity to turn the tables on those businesses and start a personal one is a real possibility. The article said it’s achievable by learning the techniques shared in “Gold Profit Formula,” Absolute Wealth’s latest training program. The “Gold Profit Formula” shows ordinary people how to become a gold and precious metal dealer and access the extraordinary profits.

The article said that sometimes profits this high instill feelings of deceit and dishonesty, a scam if there ever was one. But in reality, that’s the way the gold world works. Businesses who give only 40 or 50 cents on the dollar for gold are following typical protocol; they’re just trying to benefit their company, said the article. The “Gold Profit Formula” teaches people how to spot the value in jewelry, coins, and even scrap metal. All the while, they’ll be making cash offers that are fair for the customer and still make them money.

Dealers know how to make money with gold by directly selling it to refiners, who send them cash back based on the current price of the metal. Prices constantly change, but as they creep towards an all-time high, the article said sellers are increasingly happy with their transactions. And the dealer will reap the benefits.

But personal jewelers will be competing with big businesses for customers and profits, said the article. That’s why Absolute Wealth is including an additional three-part training course on starting a business. That way, entrepreneurs can initialize their goals, set forth their marketing tactics, and truly begin to establish themselves as a reputable businessperson. Only then will potential customers take them seriously and be willing to bring them their gold, said the article.

Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the Independent Wealth Alliance for professional investment analysis and recommendations on the latest trends and progressions. For more information and subscription instructions, visit

There are clear economic reasons why gold buying stores, pawn shops, and TV gold dealers can’t compete with personal dealers, said the article. The “Gold Profit Formula” will show how to get money for your gold and start a profitable business in the process.

Paul Norwine
AW Research Publishing, LLC
Email Information

US Stocks Rise after China Rate Cut - MENAFN

Emerging Stocks Pare First Weekly Advance Since March - Bloomberg

Emerging-market stocks fell, paring the first weekly gain since March, on concerns China’s interest- rate cut will erode bank profits and as economic data from Germany and Italy disappointed.

The MSCI Emerging Markets Index slid 0.9 percent to 905.17 at the close in New York, decreasing its weekly advance to 1.3 percent. HTC Corp. (2498), Asia’s second biggest smartphone maker, tumbled 6.9 percent, extending its weekly retreat to 15 percent in Taipei. China Construction Bank Corp. (939) slid 4 percent, the most since Nov. 10. Brazil’s Bovespa added 1.9 percent, snapping its longest weekly losing streak since 2004.

China’s cut in funding costs comes a day before the nation is due to report inflation, investment and output figures. Spain’s credit ranking was cut three levels by Fitch Ratings to BBB, within two steps of non-investment grade. German exports dropped in April for the first time this year and industrial output in Italy fell more than economists estimated, reports showed today.

“Speculation that bank competition in China may accelerate and that the nation’s economic data may be worse than expected are hurting sentiment today,” said Chu Moon Sung, a Seoul-based fund manager at Shinhan BNP Paribas Asset Management Co., which oversees $28 billion.

The MSCI Emerging Markets Index (MXEF) trades at 9.8 times estimated earnings, cheaper than the 11.8 multiple for shares on the MSCI World Index, which rallied 3.1 percent in the past five days. That’s the biggest weekly advance in 2012.

Trade Deficit

The trade deficit in the U.S. shrank 4.9 percent to $50.1 billion from $52.6 billion in March as a drop in imports overshadowed the first decline in exports in five months, Commerce Department figures showed today. The median forecast in a Bloomberg News survey of 73 economists called for the deficit to shrink to $49.5 billion.

The Bovespa added 0.5 percent in Brazil, extending its five-day advance to 1.9 percent. Gafisa SA, a Brazilian homebuilder, surged 16 percent today after saying earlier this week it will buy the remaining stake in Alphaville Urbanismo SA that it doesn’t already own.

Usinas Siderurgicas de Minas Gerais SA, Brazil’s second- largest steelmaker, dropped 8 percent in Sao Paulo this week to lead declines on the index.

Russia’s Micex Index (INDEXCF) fell 0.3 percent in Moscow, paring its weekly advance to 2.7 percent. OAO Raspadskaya, the coal producer based in Russia’s Kemerovo region, slid 4.4 percent, lessening its five-day advance to 4.4 percent.

The financial and economic links between central and eastern European countries and the EU mean “they are all vulnerable to the euro-area stress,” Societe Generale SA wrote in a report to clients dated yesterday.

Chinese Banks

China’s biggest lenders raised deposit rates hours after the country’s central bank lowered its benchmark and gave them more freedom over pricing, underscoring the competition for funds. Bank profits may drop by more than 10 percent after the interest-rate reduction, according to Hao Hong, chief China strategist at BoCom.

Industrial & Commercial Bank of China declined 4.9 percent in Hong Kong, while China Construction Bank Corp. retreated 4 percent. The losses were the most since Nov. 10.

The Hang Seng China Enterprises Index lost 1.3 percent to an almost eight-month low and Taiwan’s Taiex Index (TWSE) fell 1.1 percent. HTC Corp. sank after Bank of America cut the smartphone maker’s rating.

South Korea’s Kospi index dropped 0.7 percent, while South Africa’s FTSE/JSE Africa All-Share Index slumped 0.7 percent as BHP Billiton Plc, the world’s biggest resources company, decreased 2.7 percent in Johannesburg. Turkey’s ISE National 100 Index slid 1.1 percent.

The extra yield investors demand to own emerging-market debt over U.S. Treasuries fell 1 basis points, or 0.01 percentage point, to 396, according to JPMorgan Chase & Co.’s EMBI Global Index.

To contact the reporters on this story: Christine Harvey in New York at; Saeromi Shin in Seoul at

To contact the editor responsible for this story: Darren Boey at

Conexus Financial Elevates Event Management Efficiency and Volume with Floktu - new Cloud Based Event Management Software - YAHOO!

A case study on how Conexus Financial, a fast growing professional services firm specializing in publishing and events for high-end financial services, adopted a new on-line cloud based events management platform and in doing so doubled its productivity and enabled expansion into global markets incl. the US and China.

Sydney, Australia (PRWEB) June 09, 2012

Conexus Financial is a specialized, independently owned, Australian publishing and events company based in Sydney. Their high profile, discerning clientele includes recognized leaders in the financial services and institutional banking arenas. With value-added products spanning both the institutional and retail financial services sectors, Conexus Financial is able to support businesses domestically in Australia and around the globe.

Conexus has grown rapidly during the past several years as a result of its client-centric philosophy, now touting its status as one of the world’s best practice events management organizations. The company’s extensive editorial contacts and industry expertise coupled with its comprehensive events management capability make it unique among its competition. As such, Conexus remains in high-demand, with events staged and publications read globally. Its publications include the Investment Magazine, I&T News, the Professional Planner, and the preeminent Top 1000 Funds web portal.

The Business Position:

In 2010, senior management at Conexus Financial, directed primarily by Ms. Rayma Creswell, determined that the company would need to pinpoint strategies for dramatically improving events management efficiencies so that it could expand its Australian and global business. Specifically, the company needed to boost the quantity of events it could comfortably manage while still accommodating a growing client list. All of this had to be accomplished without losing its hard earned reputation for delivering superior quality and attention-to-detail, as this helped to ensure high ratings from delegates and differentiated its work from its competitors.

“While looking to boost efficiencies, we’re not interested in high-volume, low-quality events,” explained Ms. Creswell. “The quality of the overall experience for our delegates remains paramount – from marketing to registration, scheduling, feedback, social events, and post-event-management reporting.”

Ms. Creswell and her team knew that raising productivity would require a shift from the old world of managing events manually offline, which employed excel spreadsheets and basic documents offering minimal real-time interaction, to one based on a sophisticated, automated, and advanced cloud-based platform.

The Internet was clearly the future. But the key challenge was in finding a way to integrate Internet or online technologies into the Conexus Financial events management culture – a far from straightforward prospect.

The Technical Position:

As an events management and media company, Conexus Financial lacked a large in-house technical team. The company knew technology would play an increasingly important role in its ability to deliver on its brand promise to clients.

Conexus Financial decided to evolve its technology structure from one founded in-house using license-based software to one that no longer required servers on its premises nor the associated maintenance and labour costs.

During the company’s assessment of its event management technology platform, senior managers identified a clear potential for significant productivity improvements by evolving from its old-world system to an online, real-time event management platform based in the cloud.

To accomplish this, Conexus Financial made the strategic decision to migrate its event management technology platform onto a primarily cloud-based Software as a Service (SaaS) model. The company initially contracted with a developer that had built its reputation as a market leader. However, it quickly became apparent that the nature of the offering from that vendor would not suit the needs of Conexus Financial. Specifically, the company did not provide the level of attention to detail Conexus expected, lacked customization support beyond registration, and was not based in Australia, limiting its ability to provide the support required for high-quality events.

The Solution:

Despite their disappointment in their first vendor choice, Conexus still believed that a cloud-based SaaS model – executed properly – would help the company reach its goals. So the company researched a number of alternative solutions providers, soon coming across Floktu, an Australian based high-end provider of state-of-the-art events management solutions.

Impressed, Conexus Financial approached Floktu in 2010.

Floktu’s out-of-the-box event management solution provides a robust content management system and administration function to help organizers intuitively build functional, custom-branded and professionally designed websites complete with real-time online updates, web-based ticketing and registration forms, automated RSVP emails, real-time schedules, speaker profiles, event locations and maps, and a range of relevant news, photos, and videos.

The Floktu system also includes mobile applications. Mobile applications assist organisers in promoting their event website and communicating with delegates across all digital channels. Each website feature is easily and intuitively administered under one secure login, driving productivity enhancements and cost reductions.

Floktu worked closely with key stakeholders at Conexus to identify a nexus between its out-of-the-box event management software suite and Conexus Financial’s unique business needs. The Floktu development team then designed a customized software edition to align with Conexus’ workflow complete with a wizard-driven events management and marketing platform to streamline the creation of multiple events.

The Results:

According to Conexus Financial, this platform continues to exceed their expectations, with functionality that includes:

  • Self-service, online event ticketing and registration.

  • Multiple event marketing and promotion via web, email, and social digital channels.
  • Intuitive content management for real-time updates.
  • Comprehensive on-the-fly reporting and analytics.
  • Custom event styling and branding.

Conexus Financial noticed immediate results after implementing the Floktu event management platform. Ms. Creswell now considers Floktu not only a software vendor but instead an essential strategic business partner. Because the platform is so easy to use, Conexus administrators avoid time-consuming training and the associated downtime. Floktu is fun to use and highly efficient, freeing employees to focus on more important customer and logistical responsibilities.

The Floktu platform has enabled Conexus Financial to:

  • Double its productivity and acquire more events across a larger spectrum of geographies including organizations in China and the United States.
  • Dramatically reduce the labour and software cost of events management.
  • Propel its competitive stance by generating highly accurate, real-time analytics on delegate event satisfaction.
  • Notably enrich the delegate experience and client loyalty by better managing off-site social engagements.

The Floktu platform enables Conexus Financial to provide its delegates with an unprecedented level of information before, during, and after attended events. This is particularly crucial for fostering client loyalty, explained Ms. Creswell, with Conexus Financial now able to offer delegates up-to-date changes regarding speaking times, speaker streams, exhibits, recommended restaurants, sightseeing, and other on- and off-site activities.

Going forward, Conexus Financial aims to evaluate incorporation of an even greater range of benefits for its clientele, with the newfound confidence that it can do so with the support of one of the most innovative events management software providers on the market.

About Floktu:

Floktu is an advanced, cloud-based event management solution that is provided as a full-featured, out-of-the-box platform. The Floktu development team is also available to consult with companies and design a custom adaptation to suit their precise needs. While other basic products exist that address different web-based event management functions, Floktu is the first event management software platform to bring web, mobile and marketing an event under one unified platform without requiring any technical or programming experience. Floktu makes the end-to-end process more transparent, more efficient, and far more enjoyable than ever possible before.

Nick Deverell - Sales Director
+ 61 2 9919 6968
Email Information

Stocks Rally, See Their Best Week Of The Year - WITN

Stocks closed out their best week of the year with a modest rally led by defensive shares Friday as investors traded cautiously ahead of the weekend, when Spain is expected to request aid for its troubled banks.

The Dow Jones industrial average finished the day with a gain of 93 points.

For the week, the Dow rose 3.6 percent, the Nasdaq composite climbed 4 percent and the S&P 500 gained 3.7 percent to chalk up its best weekly gain of 2012.

Much of the market’s rise this week came from a big rally on Wednesday, when stocks scored their strongest day of the year on amid signs that Europe would move to help Spain's troubled banks.

"What's driving the market here is the belief we're in the final innings of approaching some form of a solution to contain the Spanish problem," said Robbert Van Batenburg, head of equity research at Louis Capital in New York. "I don't buy it, but maybe there's this understanding out there."

Analysts said the market was ripe for a rebound after a drop of more than 6 percent in May.

"Here is a real classic case of the market doing the opposite of what most people think," said Terry Morris, senior equity manager for National Penn Investors Trust Co.

"The market is telling you that it was still oversold, but they don't want to play the high (volatility) names just in case something happens over the weekend."

European Union and German sources said eurozone finance ministers were to hold a conference call Saturday. Spain's expected request was an effort to stem the tide of worsening market turmoil.

Underscoring the impact of Europe's debt crisis, McDonald's reported a lower-than-expected rise in global same-store sales in May and warned austerity measures in Europe were taking a toll.

President Barack Obama said European leaders face an "urgent need to act" to resolve the region's financial crisis as the threat of a renewed recession there spells dangers for an anemic U.S. recovery.

Chesapeake Energy plans to sell its pipeline and related assets to Global Infrastructure Partners in three separate transactions worth more than $4 billion, as the company scrambles to plug an estimated $10 billion funding shortfall.

Chesapeake shareholders delivered a broad rebuke of the company's board, withholding support for two members up for re-election in the wake of a governance crisis and poor financial performance.

European stocks close lower on Spain concerns - Times of Malta

European stocks closed mostly lower yesterday, with the notable exception of Madrid, amid growing speculation the Spanish government will ask for EU help for its stricken banks.

Dealers said concerns over Spain – hit by a drastic three-notch Fitch ratings downgrade on Thursday – and disappointment that the US Federal Reserve plans no immediate new stimulus measures more than offset the impact of China’s first interest rate cut in three years.

The losses, however, were modest, coming after a strong technical bounce earlier in the week and with investors adjusting positions before the weekend when reports say EU officials may discuss a Spanish aid request.

A modest turnaround on Wall Street also helped as US President Barack Obama said European leaders were well aware of the need to act to solve a eurozone debt crisis that is threatening global growth prospects.

In London, the benchmark FTSE 100 index of top companies closed down 0.23 per cent at 5,435.08 points.

In Frankfurt, the DAX 30 slipped 0.22 per cent to 6,130.82 points and in Paris the CAC 40 lost 0.63 per cent to 3,051.69 points.

Madrid bucked the trend, gaining 1.77 per cent amid increasing speculation the government will call, perhaps as early as this weekend, on the EU for help to stabilise its struggling banks.

The market view is that outside help for the banks would take the pressure off Madrid and give the government greater leeway to get the economy growing again and stabilise the public finances.

The European single currency meanwhile gave up most of Thursday’s gains, sliding to $1.2482 from $1.2561 late in New York on Thursday. It struck a 23-month low late last week at $1.2288.

In New York, the market opened lower after Federal Reserve Chairman Ben Bernanke disappointed investors hoping for fresh stimulus for the faltering US economy but then picked up slowly to post ­modest gains.

The blue-chip Dow Jones Industrial Average was up 0.20 per cent at around 1600 GMT, with the tech-rich Nasdaq Composite gaining 0.40 per cent.

President Obama conceded the solutions to Europe’s problems “are hard.” He said: “The decisions required are tough but Europe has the capacity to make them and they have America’s support.”

Frederic Dickson at DA Davidson & Co said:“Today, investors appear to be focusing on Europe, expecting Spain to formally ask the European Central Bank for bailout funds to recapitalise some of its banks.”

In London, IG Index analyst David Jones said Bernanke’s com­ments undercut the week’s rebound.

“A cautious outlook and no commitment to further economic stimulus from the US central bank has been seen as good an excuse as any by traders to put the brakes on the strong rally seen for blue-chips so far this week.”

Infrastructure, aviation and banking stocks are the picks for next week: Deepak Mohoni - Economic Times
In an interview with ET Now, Deepak Mohoni , Director, , talks about Indian markets, various sectors and what can be expected when market re-opens on Monday. Excerpts:

ET Now: What is your call on IVRCL Infrastructure? After a 21% surge, do you think there is more steam left in this stock?

Deepak Mohoni: Quite likely because these are extremely volatile stocks. Most of the infrastructure stocks doubled in price from December to March. So, they are capable of making very large moves. Given the start they have had this week; most of them are up about 10% over the week. They look a fairly promising sector in the short to medium term.

ET Now: Did the rupee movement put a spanner in the wheels of some of the tech or the pharma companies in the past 3 days, these companies have not participated at all? What is the call on anyone of these stocks?

Deepak Mohoni: The rupee is probably just a coincidence. The pharma and tech stocks do not usually participate that heavily in runaway market moves. They seem more as defensives and they come into their own. When the infrastructure, construction and banking stocks start falling, the money goes into those. So, it is more of that rather than the dollar rate.

ET Now: Aviation showed some strong buoyancy in the last 15-20 minutes of trade on Friday. Come Monday morning if they open at the same levels, would you initiate longs on any of the aviation stocks?

Deepak Mohoni: Aviation stocks are pretty strong. Jet has gained almost 20% in the week. SpiceJet has gained 12.5%. So, they have the momentum. However, in terms of a setup, it is not a particularly good time to get in when stocks have gone up 5 days in a row. So, it is best to wait for some correction that will give us a stop loss to trade and then play them for the next move.

ET Now: How about the sugar stocks?

Deepak Mohoni: Sugar stocks will probably go up if the market continues this pace. However, they have not jumped into the rally the same way as banks and other sectors did. So, they are laggards. They are going to depend on the frontrunners and it is best to stick with the frontrunners.

ET Now: What is your call on McLeod Russel?

Deepak Mohoni: McLeod Russel has got a fair amount of momentum. Even for longer term investors, it has done quite well. It has been fairly immune to bear markets. So, in all conditions, the stock has done well. The stock had a few declines and so I would pretty much hang onto it. If somebody has a position in it and looking for a trailing stop, it should be at about 288.

ET Now: What is your call on Sterlite?

Deepak Mohoni: Sterlite is very much a hold. There is good amount of momentum in the stock. Sterlite and Hindalco are probably the 2 leading stocks in metals for traders. The stock is a hold and a buy on dips and we may get a dip. We are the only market that was in the green on Friday. If there is a bit of a sell off in global markets overnight or on Monday, it could allow traders to get back into the market early next week.

In Era of Cheap Money, Consumers Are Shut Out - CNBC

Michael Shreve, a 57-year-old science teacher in Marysville, Wash., has watched helplessly as mortgage rates have fallen. He said that despite his stellar credit score, no bank had been willing to let him trade in his 6.35 percent 30-year mortgage because his house was now worth less than when he bought it.

“At some point,” he said, interest rates are going to go up again, “and I should have been able to get those low rates. It’s not fair.”

As interest rates have been dropping to new lows seemingly by the week, American companies have been taking advantage of the cheap borrowing costs, but consumers have been largely left on the sidelines.

New data this week from the Federal Reserve shows that in the first quarter of this year, American businesses were taking on new debt at the fastest rate since the financial crisis in 2008. American households, though, were heading in the opposite direction, increasingly shedding debt.

And as in the case of Mr. Shreve, the lack of borrowing by American families was not always by choice. Another recent Fed report shows that while more consumers are interested in buying homes or refinancing existing mortgages, banks remain hesitant to extend credit to them.

Consumers are also getting squeezed on the investing front. Wary of the volatile financial markets and worried about the continued weakness in the economy, they have been putting more money into ordinary savings accounts, the new data shows. But those accounts are paying an average of 0.1 percent, according to

“There’s definitely winners and losers in this kind of extremely low interest rate environment,” said Ed Yardeni, the president of Yardeni Research. “In this case, any borrower that has access to the capital markets and doesn’t have to fill out a loan application at a bank is definitely going to have a tremendous advantage.”

Of course, the declining debt load of households is not necessarily bad. Many economists see it as a welcome shift from the borrowing binge that helped cause the financial crisis, and the Fed data shows that the lack of new debt has freed consumers up to spend more.

“What Americans have learned is that they can live with the old house,” said Allen Sinai, the chief executive of Decision Economics. “Why take on debt and obligate yourself? They are unencumbered more than ever before.”

But the new data underscores the polarizing impact of the central bank’s policy of pushing down interest rates on different segments of the American economy. While low rates are supposed to encourage Americans to take more risks, ordinary Americans have been unwilling or unable to take advantage of them.

Policy makers have worried that, until Americans do show a willingness to borrow, the housing market is unlikely to get back on a solid footing. Through last year, the rate at which Americans were shedding debt was slowing, but in the first quarter it began to speed up again, ticking up 0.4 percent, the new Fed data showed. American businesses, by contrast, increased their debt by 5.2 percent in the first quarter.

Some of the money borrowed by American corporations has trickled down to consumers through new hiring, increased stock prices and higher corporate tax payments. But the latest data indicates that businesses continue to use their borrowed money to pay back older, more expensive loans or to bolster their cashlike holdings, which rose to $1.7 trillion in the most recent quarter.

Not all types of consumer debt are in decline. As education costs rise, the amount of outstanding student loans rose in each of the first five months of the year, Equifax data analyzed by Moody’s Analytics showed. Lending to buy cars has also been heading upward, though with a distinct note of caution.

Alan Starling, who owns three car dealerships in the Orlando, Fla., area, said he had watched consumer behavior evolve over the last several years. “Cautious,” he said. “That is the word.”

Consumers coming to Mr. Starling are asking more questions about the fuel efficiency of the cars and worrying more about the monthly payments, he said.

“People are much more conscious of debt and not getting yourself overextended,” Mr. Starling said. He added that he drove a Chevy Volt [GM  Loading...      ()   ] and spent only about $25 a month on gas.

The biggest category of household debt by far is residential real estate, and debt in that sector has continued to drop for several reasons. Foreclosures and defaults have erased some of the obligations, and prospective home buyers are being held back, in part, by the restraint of the banks. A Fed survey of senior loan officers at American banks in April indicated that most banks had kept lending standards the same, or tightened them somewhat, even with a steady or rising demand for mortgages. About two-thirds of mortgage activity has been for refinancing existing loans, not for new mortgages, according to Guy Cecala, publisher of Inside Mortgage Finance.

“The real problem is that relatively few borrowers meet the tougher standards of today even if they could benefit from refinancing, and that is the frustration,” said Mr. Cecala.

He added that the last time there was more normal underwriting, in 2003, there was nearly $4 trillion in total mortgage originations, which includes refinancing and new purchases. Last year, with tougher underwriting and lower rates, total originations were $1.4 trillion.

In general, though, consumers’ anxiety about taking on new risks is driving many household decisions.

Joseph Butler, a retired banker in Bernice, La., said that after seeing the trouble that debt caused during the financial crisis, taking on loans or any other kind of risk seemed foolish. Mr. Butler said he was now entirely out of financial investments and kept all his money in a savings account at his local bank, earning less than 1 percent a year.

“I want to hunker down on what I’ve got,” he said.

The Fed survey suggests that even in the first quarter, when stock prices were shooting up, American households sold stocks and put money in assets like insured savings accounts and Treasury bonds. Falling interest rates mean these investments earn increasingly paltry returns, but they provide a degree of security.

“The retail customer right now is saying, ‘I just don’t want to lose any money,’ ” said Keith Leggett, the chief economist at the American Bankers Association.

One of the few financial investments that ordinary Americans have been willing to make is in corporate bonds. Data from the Investment Company Institute showed that Americans had put $136 billion into corporate bond funds in the first five months of the year. This has, of course, made borrowing even easier for American corporations.

“The big beneficiaries have been the corporations,” Mr. Yardeni said. “They have been raising money they don’t even need.”

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