One of the reasons why 2014 has been such a bad year for the markets and the economy is because the foundations upon which the economy and asset valuations are supported were already in a weakened state well before the events of this year piled on the pressure. I have written several times about the specific reasons for the decline in the economy through 2013, i.e. from 3.4 percent growth in 2012 to only 1.3 percent last year.
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