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Economy - Economics USA

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arclein

As you can guess, I don't share that vision. I don't think this is just a financial panic; I believe that it represents the failure of a whole model of banking, of an overgrown financial sector that did more harm than good. I don't think

News Link • Global Reported By robert klein
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arclein

When Glass - Steagall was repealed at the end of Clinton’s presidency, I wondered what the hell they were thinking. That was the one law that had prevented a repeat of the 1920 to 1929 credit bubble for seventy years. Without it, or a robust regulato

News Link • Global Reported By robert klein
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Bill Bonner

"DEPRESSION II …The Horror…coming soon to theatres near you! “It’s gone deep. It’s gotten worse,” said the President. We’ve seen so many shock and horror movies over the years. We recognize the dialog. But this is no Hollywood thriller. This is

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Girl in Shorts

President Obama heads off to the G20 meeting intending to ask the members to do a massive spending stimulus. They can't-- even if they wanted to--they are propping up the dollar. The recession would be much worse if they were not sponging up the

News Link • Global Reported By Becky Chandler
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arclein

And he has taken too long to produce his plan for dealing with the trillions of dollars of toxic assets which fester on banks’ balance-sheets.

News Link • Global Reported By robert klein
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