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Daily Archives: October 20, 2009
High hopes of greener pastures abroad
Over the past few years, I have referenced a recurring theme in economic history: high hopes that someone, somewhere, will be able to decouple from this recession and save the day for global growth. This is very common human thinking; … Continue reading
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Shiller: "I'm worried about the stock market."
Aron Task of Tech Ticker interviewed Prof. Robert Shiller yesterday at The Buttonwood Gathering: PART ONE: real estate market outlook PART TWO: irrational exuberance and the stock market
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OPEC's El-Badri says Oil prices being driven by speculation not demand
Abdalla El-Badri, secretary general of the Organization of Petroleum Exporting Countries, talked with Bloomberg today about the spiking price of oil and its dampening effect on global economic growth. He points out that the price surge over the past few … Continue reading
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