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Daily Archives: June 18, 2013
The cure for asset bubbles: eventually you run out of buyers
Beijing is hoping that building more cities will create wealth for its people but as CNBC’s Eunice Yoon reports, it’s also fueling a debilitating rise in property prices. Here is a direct video link.
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Flying into the future without gas or pilots
Self-sustaining vehicles are the future of transportation–believe it or not. Bloomberg reports from the Paris Air Show on a French aerospace firm that is developing a drone that could fly people and cargo across the ocean, powered only by the … Continue reading
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Roach on US economy, Fed policy and China
Stephen Roach, a senior fellow at Yale University and former non-executive chairman for Morgan Stanley in Asia, offers some cogent thoughts on Federal Reserve policy, the U.S. economy and the Federal budget. He also speaks about China. He has been … Continue reading
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