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Monthly Archives: August 2016
What wealth effect? asset gains nulled by income losses
The nervous laughter by Dachille in the below clip is uncomfortable and humbled but honest. For finance sponsored television, he makes some surprisingly candid admissions about how central bank policies are gutting the efforts of individual savers, pensions, life insurers … Continue reading
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Helicopter money and other absurd ideas
Monetary policies run dry… High Frequency Economics Chief Carl Weinberg discusses so-called helicopter money. Pimco Executive Vice President Tony Crescenzi also speaks on “Bloomberg Surveillance.” Here is a direct video link.
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Subprime auto: debt crisis in the making
The subprime auto industry boomed over the past 6 years on a familiar foundation of lax lending and packaging sketchy loans as investments–similar to the 2008 sub-prime mortgage crisis. For more see: “They had created this remarkable system for taking … Continue reading
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