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Bill White on cascading risks in a highly levered system

Bill White is a rare former central banker with decades of experience and a truth chip. Always refreshing to hear. Canada comes up in this discussion specifically. Here is a direct video link. Former central bank insider William White one-on-one … Continue reading →

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Cooler CPI and the crowd goes wild

Fourteen years of ever-easier money has reared a generation of mindless financial allocators and gambling preoccupations. Whatever this is, it’s not investing, and the costs of waste and mal-investment will be with us for years to come. Patience and self-discipline … Continue reading →

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Lower inflation is good, but not bullish for risk markets

November US CPI at 7.1% year over year was .2% lower than the 7.3% consensus forecast. Excluding food and energy, the consumer price index rose 0.2% in November (compared with .3% expected and was the smallest advance in 15 months), … Continue reading →

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