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Monthly Archives: November 2014
Risk markets: officially sanctioned gambling not investing
Further to my articles last week here and here, gambling with large sums of money is a well worn path to financial devastation. Addictions and denial with gambling run rampant, but most people understand it is self-destructive. The problem with … Continue reading
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Stockman on the long term harm of financialization
Good discussion of economic facts with David Stockman this morning… David Stockman, head of President Ronald Reagan’s Office of Management and Budget, and Paul Roberts, author of “The Impulse Society,” examine the state of U.S. fiscal policy, spending and budgets. … Continue reading
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US likely to follow global economy into recession
Morgan Stanley and Goldman Sachs see only global strength ahead…what? the risk sellers see no signs of a downturn? Surprise, surprise… Bloomberg’s Simon Kennedy reports on the global economy and the risk of a recession. Here is a direct video … Continue reading
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