"One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services."

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Source : "Phantom Profits Will Vanish As The Dollar Strengthens" by Charles Hugh Smith, www.businessinsider.com. February 22, 2012.

Charles Hugh Smith

#Dirty Quotes #Secret Quotes #Rising Quotes

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