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Daily Reading on the Financial Markets: 8/27/12
From the Big Picture: Iceland did it right, everyone else did it wrong.
Zero Hedge diagrams the endless cycle of hope that has elevated equity prices for the last 3 years.
Chris Kimble notes that the Shanghai Index is breaking below a 20 year old support trendline.
From PragCap, according to Zillow, home prices continue to edge higher.
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