Category Archives: Main Page

Chinese Premier on need to break up big banks

“With banks making record profits and the people frustrated by low interest rates on deposits and lack of lending, a nation’s leader is speaking out: “Let me be frank. Our banks earn profit too easily. Why? Because a small number … Continue reading →

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Good discussion on why ECB’s LTRO not effective

Tony Sanders, Senior Scholar at Mercatus Center, George Mason University says the European Central Bank’s long-term refinancing operation, which has been cheered by the markets isn’t a good long-term policy. Here is the direct link.

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Dent: market on Crack wants more Crack

Harry Dent, author of “The Great Crash Ahead,” says stocks are way overdue for a correction. “A market on crack only wants more crack,” he tells CNBC’s Rick Santelli. Here is the direct link.

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