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Daily Archives: February 12, 2014
A rare, lucid take on “idiotic investing”
As I pointed out here, the odds for equity “investors” buying or holding stocks and high yield bonds at today’s sky-high valuations are poor to grim. But the prognosis is made even worse by the fact that many public corporations … Continue reading
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Why the cure for high prices is high prices
Investor demand, large and small, put a floor on home prices after the housing crash and ignited a recovery. While institutional investors made up a small percentage of those home buyers, they have garnered the most attention because of the … Continue reading
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60 Minutes: 100,000 homes for the homeless
Giving apartments to homeless people who’ve been on the streets for years before they’ve received treatment for drug or alcohol problems or mental illness may not sound like a wise idea. But that’s what’s being done in cities across America … Continue reading
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