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Monthly Archives: October 2009
Articles that caught our eye today
1. What's happening in California (the world's eighth largest economy) is incredible. Really, these are not 'ordinary' times. Maybe its time to reread The Grapes of Wrath: See the UK Observer's story: Will California become America's first failed state? 2. … Continue reading
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Markets are trading high alright
Lately markets have seemed manically euphoric. For those of us taking sober measurements prices seem pretty crazy here. Most of the independent veterans who are risk managers rather than traders are voicing scepticism and concern about a gapping disconnect between … Continue reading
Speculating rather than investing because the real economy is dying
Aron Task at Tech Ticker yesterday interviewed Christopher Whalen of Institutional Risk Analytics on the accelerating credit contraction that is now undermining the economic recovery. As I have said before, longer-term, reducing debt levels is part of the solution to … Continue reading
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