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Monthly Archives: April 2013
Global risks emanating from China
Jim Chanos updates on the credit and real estate bubble in China and why this presents a major risk to the global economy: ” Things can take a long time to build up but when they go, they can go … Continue reading
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Bank reserves need to be much higher
As banks continue to report strong (although slowing) earnings, a large portion of the “growth” has come thanks to an accounting maneuver that reduces reserves and takes that notional capital back into revenue. The reality is that the current fractional … Continue reading
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American consumer “zombies”
Yale University’s Stephen Roach, formerly of Morgan Stanley, talks about why American consumers are not doing as well as everybody seems to think. Here is a direct link.
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