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Daily Archives: June 29, 2017
Canadian taxpayers to be left with Oil Sands clean up bill?
Lawsuits coming will follow the money and go after not just the oil companies (who may well go bust and thwart collection) but also those who siphoned out profits while leaving all the cost for the public. Other obvious targets … Continue reading
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Breathtaking leverage: the portrait of unprecedented risk
Worthwhile piece from Lance Roberts today, see: Yes, Ms. Yellen…There will be another financial crisis,. He includes this breathtaking chart of the total system leverage/borrowing of US corporations, households, banks and investment margin accounts since 1959. Spot the point where … Continue reading
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Sri-Kumar: IMF overly optimistic on global growth, Fed stuck
For some reason Bloomberg only posted a 2:23 minute clip of Komal Sri-Kumar’s appearance on Surveillance yesterday morning. Here is a direct link to it. However the preceding insightful discussion can be watched by advancing the play bar below to … Continue reading
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