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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: May 2012
Making the case (again) for the Volcker Rule
Sen. Jeff Merkley, (D-OR), provides a preview of today’s hearing in Congress and discusses JPMorgan’s $2 billion trading blunder, and why he thinks banks used for loans should not be in the hedge fund business. Here is the direct link.
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Nassim Taleb on why bank blowups are endemic to current system
Black Swan author Nassim Taleb talks to the BBC on the economic genocide of current policies where taxpayers backstop risk takers. It is not that JP Morgan recently had bad luck, the reckless habits of levered risk seeking have always … Continue reading
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Financial Survival Network live from NY
I sat down with Kerry Lutz at the NY Hard Assets conference discussing recent trends, risks and opportunities in world markets. Here is a direct link.
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