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Daily Archives: November 7, 2011
Jim Rogers: “…all you have to do, let them go bankrupt, let the people who made the bad loans take their losses and start over
We hear so much horse dung today about what kind of “solutions can be orchestrated to resolve the debt crisis”. It is dead simple: we let the bad loans go bust, we let the investors who made bad bets take losses, and we start … Continue reading
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ECRI: recession call in tact- nothing has changed that
Right here this U.S. economy is dipping into a recession and nothing that has transpired changes a forecast for a recession, says Lakshman Achuthan, Economic Cycle Research co-founder/chief operations office, who adds that highly negative growth rate is still being … Continue reading
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Niall Ferguson: The 6 killer apps of prosperity
Over the past few centuries, Western cultures have been very good at creating general prosperity for themselves. Historian Niall Ferguson asks: Why the West, and less so the rest? He suggests half a dozen big ideas from Western culture — … Continue reading
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