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“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade

February 12, 2016

“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade “Massive Deterioration,” the CEO called the phenomenon. “Bellwether for global trade,” that’s how the Financial Times described Maersk Lines, the world’s largest container shipping company. It’s owned by Danish conglomerate AP Møller-Maersk, which also owns, among other divisions, Maersk Oil. The conglomerate reported fourth quarter […]

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Here Come the Money Helicopters!

October 3, 2015

Here Come the Money Helicopters! $10 Trillion Goes to Money Heaven We interrupt our series on what to do if you have no money to bring you an update on those who are losing it. (You can catch up on Parts I and II of that series here and here.) What was the best place for your money […]

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Europe’s Rising Fear of Upheaval in Spain

September 3, 2015

Europe’s Rising Fear of Upheaval in Spain After just over three and a half years of “radical” market reforms Spain is now a lean, fit economic machine – according to the Financial Times. Despite a few minor blemishes, such as a 22% official unemployment rate and 50% youth unemployment, the Spanish Premier Mariano Rajoy’s economic record […]

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The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”

August 28, 2015

The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic” Earlier this week, as the financial world was mesmerized by a min-stock market crash, the Financial Times published a dastardly little piece of fascist propaganda. There is no more egregious anti-liberty economic policy imaginable than banning cash. I covered this earlier in the year in the […]

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Greenspan Imagines Better, Alternate Universe in Which Greenspan Was Not Fed Chair

August 19, 2015

Greenspan Imagines Better, Alternate Universe in Which Greenspan Was Not Fed Chair Alan Greenspan, the policy failure whose tenure at the Federal Reserve helped create the conditions for the largest financial crisis in nearly a century, was inexplicably given a major newspaper platform on Monday to opine about regulation, which he ideologically abhors. So it […]

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