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Abby Joseph Cohen Bullish But Preoccupied

Goldman investment strategist Abby Joseph Cohen is sounding very bullish on the second half of this year. She says corporate profitability may be up dramatically from the second quarter of 2008. But taking a look at her word choice, it seems like something else is at the forefront of her mind. After describing investor fears of inflation as "spectacularly premature", she went on to caution that the "spunk" of consumption growth seen earlier this decade will not return. However, she did say that Bernanke had been "extraordinarily effective" during this crisis.
Goldman's Cohen sees inflation at bay [Reuters]



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