Archive for December, 2011

Bill Black: What if the SEC investigated Banks the way it is investigating Mutual Funds?

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Numerous investigations and lawsuits across the world are revealing another way the big banks cheat taxpayers: systematic overcharging.

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U.S. debt was a better investment than gold this year – The Washington Post

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Guess what Greenspan said on November 17 1992

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Spain to Cut Spending, Boost Taxes

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Start Saving or Get Ready for U.S. Decline

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The growth rate of local government debt in China in 2009 was an astounding 61.9%

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Three big questions for the Eurozone: "the first 6 months of 2012 will be marked by a containable fiscal and financial crisis, a double dip recession in Europe and some severe political shenanigans which bring non-mainstream politicians to the point where they are the official opposition"

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Debt is too a burden on our children (unless you believe in Ricardian Equivalence)

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Delayed Gratification — On the return of "layaway", or saving in instalments for big-ticket items and buying when you’ve saved enough. Antithesis of, and antidote to credit card binge. Not rational perhaps, but works because money to hand is money spent

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Japan to Double Sales Tax by 2015 as Noda Fights Off Ruling Party Revolt

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Two Models for Europe — Europe’s Road To Debt Serfdom

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Democracy on the ropes

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Solution to US housing/foreclosure crisis

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A quick and dirty guide to NGDP targeting from the Washington Post

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Presenting the first-annual Wonky awards

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It’s the End of the Year As We Know It – Forbes

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Ten Trillion and Counting – Documentary on the sword of Damocles that is the US deficit and sovereign debt burden

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Interesting Interview with Former Deutsche Bank CEO Hilmar Kopper

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Natural gas futures end the year down 32%

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