Russell Napier: This Has Never Happened Before Without A Drop In Stock Prices

Thursday, December 11, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/11/2014

“Over the next five years investors now expect inflation to average just below 1.3%. This level of expected inflation has always previously been associated with a decline in US equity prices. There have been no exceptions until today.” Russell Napier

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