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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: September 2012
China’s shadow banking system now collapsing
Over recent years I cannot imagine how many presentations and panels I have witnessed where China-bulls (typically selling commodity based investments and strategies) have pounded the podium on how much smarter, better, faster China was compared with America. No offence … Continue reading
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Reinhart on the weight of debt deleveraging cycles
Carmen Reinhart, co-author of the book This Time Is Different: Eight Centuries of Financial Folly and a professor at Harvard, talks about U.S. deficit reduction, Federal Reserve policy and tax code reform. Here is a direct link. She points out … Continue reading
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Stockman on Fed policy and US budget
David Stockman, former director of the Office of Management and Budget in the Reagan administration, talks about Federal Reserve monetary policy and Fed Chairman Ben S. Bernanke. Here is a direct link.
