mauldin january 12

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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    !"#$%"&' )*#+ &", -*#.&/0., is a free weekly economics e-letter by best-selling author and renowned nancial

    "#$"%&' ()*+ ,-./01+2 3). 4-+ /"-%+ 5)%" -+0 6"& 7).% 8%"" 9.:94%1$&1)+ :7 ;191&1+6

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