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Olduvai III: Catacylsm
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Playing Around With Prices Is a Bad Idea

Playing Around With Prices Is a Bad Idea Call me old fashioned, but I still think prices matter. I vividly recall the first time I studied those simple supply-and-demand graphs as a college freshman, and today, far too many years later, their basic logic remains undeniable. When prices are right, money flows to the most […]

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Central Banks Are Pointing A Weapon Of Financial Mass Destruction—–Right At The Global Bond Markets

Central Banks Are Pointing A Weapon Of Financial Mass Destruction—–Right At The Global Bond Markets For the first time in its country’s history, Portugal sold 6 month T-bills at a negative yield. The 300 million euros ($333 million) worth of bills due in November 2015 sold at an average yield of minus 0.002%. A negative […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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