Europe's Fantastic Bond Bubble: How Central Banks Have Unleashed Mindless Speculation

Capitalism gets into deep trouble when the price of financial assets becomes completely disconnected from economic reality and common sen...

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Trade, The Current/Capital Account, and the Value of the Currency

One thing that I notice on the blogs is that I don’t think I have ever seen anyone give a clear description of the external trade account o...

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Manipulated Market Parties On?

Stocks rally: Dow up 175, Nasdaq hits 14-year high ... Stocks closed sharply higher Monday as the Dow surged 175 points and the Nasdaq jumpe...

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Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense

I have talked about "forced retirement" 174 times over the course of the past few years. I defined the term as those who retire...

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Did Fischer's Speech Mark the Beginning of a Significant Asset Reflation?

Can central bankers succeed in getting global economy back on track? ... Why is the world economy still so weak and can anything more be don...

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Central Banking at Jackson Hole: Simplistic Dialectic, Significant Ramifications

Janet Yellen Takes On Jackson Hole ... The economic-policy debate in the U.S. is moving from, "Why is the recovery so sluggish?" t...

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Merging Finance and Health Care Leadership – Robert Rubin Proteges Running DHHS, Spouse of Hedge Fund Magnate Running the FDA

Hidden between the lines of some not very prominent news stories were reminders of how close health care and financial leadership have beco...

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