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The financial engineering market
Worthwhile article by Jared Dillian, courtesy of Mauldin Economics today: “Ten years ago, during the housing boom, the consumer was the most leveraged entity, taking out negative amortization mortgages, cashing out home equity, things like that. The consumer got a … Continue reading
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El Erian: market sell off driven by weak fundamentals and too high prices
Mohamed El-Erian talks about why the stock market has become so volatile and why the Fed will exit QE and try to rely on forward guidance. Here is a direct video link.
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Government approval ratings at recessionary lows
QE has done nothing to help the real economy or real workers, statements to the contrary are propaganda from its sponsors. The good news is that the power to recover meaningful financial strength and balance lies not with governments or … Continue reading
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