Daily Archives: April 13, 2010

Debt "repos", swaps and other clever lies

Debt “repos”, “swaps” and other clever lies have been the most insidious financial fraud tool of our times. It turns out many countries used some version of the hide-your-debt two-step to qualify for entry into the Euro in 1999. ENRON … Continue reading

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Stock prices from here offer little and risk much

I did a series of interviews with the Moneyshow network last week. The first is available here: Price Risk High. Yesterday John Hussman's weekly letter elaborates nicely on some of the concerns I have mentioned in recent interviews and the … Continue reading

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Keeping real about recovery expecations

While I was speaking at some conferences over the last week, I took the opportunity to take some informal surveys from the audience. “How many people here are feeling optimistic about the prospects for the US economy over the next … Continue reading

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