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If you’ve been following these pages over the last few weeks you knew that there was no danger of the US defaulting on its debt. The home-made crisis was another “show” that was put on by the politicians that we [...]
Happy New Year! 2011 is here and I expect that the markets will once again treat us to an unpredictable showing. If there is one certainty about the market it is that it has no certainty. Remember the flash crash [...]
The thing about crises is that they are rarely singular in nature. The recent past…and the present are good guides. First we had the sub-prime crisis. That led to the housing crisis, which led to the banking crisis and then [...]
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