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Speculative capital, market instability and how to rein it in - Brilliant 3-part interview on TRNN
I think as many as possible need to see this. An excellent discussion about speculative capital, the so-called carry trade (which is also linked to high frequency trading, check out the Truthdig post about it, it's a jaw-dropping docu) and the limits of the current financial system.
Especially relevant for all of us who question the system.
As "hot money" wreaks havoc around the globe, Heiner Flassbeck, former director of UNCTAD, says economist Paul Krugman continues to have faith in the market to establish exchange rates - February 3, 14
Finance is Super Rational about Profits, Irrational about Global Economy - Flassbeck (2/3)
Danger of Global Recession After 30 Years of Neoliberal Counterrevolution - Flassbeck (3/3)
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Transcripts at TRNN
