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Olduvai III: Catacylsm
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This Is What Gold Does In A Currency Crisis, China Edition

This Is What Gold Does In A Currency Crisis, China Edition As China’s leaders figure out that pegging the yuan to the dollar while quintupling their debt in five years was a colossal mistake, they are, apparently, concluding that the only way out is a sudden, sharp currency devaluation. See Pressure on China central bank for […]

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Perfect Storm!

Perfect Storm! One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling […]

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Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters

Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you don’t. Hedge funds, generally the most aggressive species of money manager, do a lot […]

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This Is Actually Going To Happen Next Year

This Is Actually Going To Happen Next Year The intellectual groundwork is being laid for the next stage of the Money Bubble, and it’s going to be epic. Here are excerpts from two articles that appeared over the weekend (and which should be read in their entirety). Both deal with Japan, which went all-in on debt […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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