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Resilient Markets Mask Greater Concerns in Real Economy

Equity markets have settled into an eerie calm in recent weeks; with volatility ó as reflected by the CBOE Volatility Index, or VIX ó near a three-year low, one might assume allís right with the world. But it isnít, as can be seen clearly in the real economy.
-Douglas Cote, chief market strategist, ING

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