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Monthly Archives: May 2008
All in this together
Reality is always evolving but we humans are reactionary, backward looking creatures. Perhaps to cope with the stress of change, we commonly exert mental gymnastics to justify and bootstrap the status quo. We are all vulnerable in a tendency to … Continue reading
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Roach of Morgan Stanley: recession now and slower recovery ahead
Stehen Roach of Morgan Stanley points out that over-spent consumers now will mean a longer recession and a slower recovery this cycle. People will be spending less, but as I have said many times, in the end this shift in … Continue reading
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Buffett: the US is in recession and "there is going to be more pain."
Many different opinions floating around today. For whatever its worth, WB's guess is more trouble ahead: Billionaire Warren Buffett castigated investment bankers, home lenders and regulators for letting the financial system spin out of control and causing a run on … Continue reading
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