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The S&P 500 is up more than 25 percent since that Jackson Hole speech as the second round of easy money inflated asset prices and pushed investors to take more risk

WHAT HOLE?
江南有丹桔,经冬犹绿林。 岂伊地气暖,自有岁寒心。 可以荐佳客,奈何阻重深。 运命唯所遇,循环不可寻。 徒言树桃李,此木岂无阴。
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