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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 12 June 2012 [View all]Po_d Mainiac
(4,183 posts)21. This bloke hits a ton of high notes...and in plain engrish
Cheap money pumps volatile hydrogen into debt bubbles
Krugman's interpretation of Keynesian theory aint Nobel worthy (at best)
Panic inspired government policies have benefited banksters and the bondholders thereof, with dire consequences for the general population
C4C, First time buyers credits, etc and other stimulus packages only kick the can a bit. Each punt becoming less effective.
The moral hazard from not allowing the banksters to suffer real pain leads to even more riskier behavior by the same bad actors
A paniced elotorate does not vote rationally
Good luck if you think holding PM paper is covering your ASSets
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tclambert
Jun 2012
#7
Without a major cultural change I think the rush might be for lawn chairs and Coors Lite,
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Jun 2012
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which pRick Scott is doing in FL (despite the fact that it's the rare company that even pays any)
Roland99
Jun 2012
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