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If It’s Raining in Brazil, Buy Starbucks by Navarro

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CHAPTER 13TAMING THE RECESSIONARY BEAR

After six Fed rate hikes in less than 16 months, Roy Siegfried figured that it was just about time for Alan Greenspan’s ever-tightening noose to finally choke off the economic expansion. That’s why Roy was hardly surprised when auto sales slumped for the second straight month, housing starts came out with their third straight monthly drop, and the average work week began to shrivel.

Time to move, thought Roy. And his move was as swift as it was sure. He cashed out his entire stock portfolio—including 2000 shares of his beloved Oracle—and moved right into bonds.

Four months later, the recession that Roy had foreseen was officially underway. And over the next year, as the Fed lowered interest rates by over ...

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