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Daily Archives: October 14, 2014
The long, slow, slog to rein in the banksters
JP Morgan missed its lowered guidance this morning and set aside another billion for upcoming legal costs. More like “illegal costs” because it’s their illegal conduct that has caused these expenses. It has slowly been getting harder for the big … Continue reading
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When suicidal valuations meet reality
Reality dawning for blind believers: central banks cannot drive the world economy. Forecasters in the public and private sector have been ridiculously optimistic and financial markets have been rising on reckless leverage and wishful thinking… Mohamed El-Erian, a Bloomberg View … Continue reading
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