Review: The escalation of the crisis in the Middle East puts upward pressure on the oil price and results in falling equity prices. Several asset classes are now over the edge and we will soon have to see a turnaround. If we do not see a turnaround, we will most likely see a continuation of the downturn to the extent seen in the autumn of 2011. Retail sales in the US disappointed as it came to -0.3% against the expected level of -0.2%. Jyske Bank’s macro-economists state: Retail sales are
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