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Gary Shilling, a veteran economist and money manager who called the mid-2000s housing crash, says he's betting against stocks and commodities.
Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
Amazon's announcement on Thursday isn't the first time the e-commerce giant has shaken up an entire industry with a simple press release.
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