24 September 2009

Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says

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Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says MANCHESTER, Conn.--(BUSINESS WIRE)--The Federal Reserve System has disclosed...
23 September 2009

Rich banks to benefit from loans to poor nations ~ says academic Buckley

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MARK COLVIN: As leaders from the world's 20 biggest economies meet in Pittsburgh, one of the issues they are confronting is the plight o...
19 September 2009

Self-righting markets and other shibboleths

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The global financial crisis has revealed major weaknesses in conventional economics. Economists will need to face up to these if their disci...

A 300-year-old example of quantitative easing ~ Law of easy money

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“IF FIVE hundred millions of paper had been of such advantage, five hundred millions additional would be of still greater advantage.” So Cha...
18 September 2009

Global systemic crisis Alert - Summer 2009: Cessation of payment of U.S. government GEAB 37

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GEAB N°37 is available! Global systemic crisis: In pursuit of the impossible recovery - Public announcement GEAB N°37 (Septembre 16, 2009) -...
16 September 2009

One Year After Financial Crisis, Reform Questions Loom

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Watch JUDY WOODRUFF: Jeffrey Brown looks now at where things stand one year later. JEFFREY BROWN: And joining me for that are Nassim Taleb, ...

"I think we're going to experience a stagflation like we have never seen." ~ the Dude

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The Lessons of Lehman...and Leeson Unfortunately, there are some in the financial industry who are misreading this moment. Instead of learni...
15 September 2009

There will be no recovery until debt tumour is excised

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YOU have just come from your annual medical check-up, where your doctor assures you that you are in robust health. Walking jauntily down the...

Why capitalism fails ~ Minsky saw the meltdown coming and has another troubling insight: it will happen again.

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Amid the hand-wringing and the self-flagellation, a few more cerebral commentators started to speak about the arrival of a “Minsky moment,” ...
14 September 2009

Cheap dollars are sowing the seeds of the next world crisis

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In a world of systemic instability, reserves mean power. Reserves mean you can defend your currency, stabilise your banking system and boost...
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And No Dialing Back

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Nolan says it still looks crook!@ And No Dialing Back: CNBC's Steve Liesman: "Mr. Secretary, how much concern do you have right now...