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Monthly Archives: August 2009
The song remains the same: speculating with easy credit
The trouble with virtually-zero interest rates and free flowing government money is that “dumb capital” finds its way into wild speculation. This eventually causes imbalance and risks for those that would be legitimate investors and consumers. This article from the … Continue reading
Bob Shiller on the recovery and animal spirits
Shiller was on CNBC this morning taking about the possibility that this economic recovery may be exceptionally weak for years to come: “”It's clearly not over yet,” he said. “It's not obvious that people are really ready to spend again. … Continue reading
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BNN this morning at 8:35 am
Ms Park was a guest this morning on BNN with Michael Kane at 8:35am. A clip of the show is available on the BNN website.
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