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Equities markets are ignoring weak fundamentals, but a rally that is not based on sound macroeconomic growth is likely to be unsustainable, said Rick Rule, president and CEO of Sprott U.S.
“Bull markets that aren’t based on growth and value end in tears. I’m not suggesting, by the way, ten years from now, equity prices won’t be higher, even substantially higher. What I’m concerned about is the next three years. I have a difficult time seeing the circumstances that would promote real economic growth,” he said.
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