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“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy

“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the […]

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Former Lehman Trader On “China’s Lehman Moment”

Former Lehman Trader On “China’s Lehman Moment” My name is Larry McDonald, that is the UK cover above. In the years before the failure of Lehman Brothers, I ran a successful distressed credit business at what was the 4th largest investment bank in the U.S. – becoming one of the most consistently profitable traders in […]

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“This Is All About Stagflation… The U.S. Is Walking Into The Early Stages Of The Fourth Turning”

“This Is All About Stagflation… The U.S. Is Walking Into The Early Stages Of The Fourth Turning” We believe the U.S. is walking into the early stages of the Fourth Turning, a subject entertained below. In this note we break down the ideal 2020-2030 portfolio and why it is so different from the 2010-2020 vintage. […]

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Underneath the Surface Trouble Is Brewing Once Again

Underneath the Surface Trouble Is Brewing Once Again Larry McDonald, publisher of the investment research service The Bear Traps Report, warns that this crisis is far from over. He spots growing tensions in the credit markets and thinks that large public borrowers like Italy and New York State are in need of massive bailouts. Stocks […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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