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Message From A Representative of the Silent Bullish Majority

I recently had lunch with a good friend and former J.P. Morgan colleague and among the many things we chatted about was that we agreed that it somehow seems many more "parties" are cheering for economic gloom/recession. Moreover, this has come up in more than a few conversations with our clients and investors.

I don’t have to tell you that the media is heavy with economic gloom. Just glance at any major newspaper or website. My conclusion is that the following "interested parties" benefit from a U.S. recession and rising economic gloom:

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