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Olduvai III: Catacylsm
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Exclusive: Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears

Exclusive: Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears Earlier this week, before first JPM and then Wells Fargo revealed that not all is well when it comes to bank energy loan exposure, a small Tulsa-based lender, BOK Financial, said that its fourth-quarter earnings would miss analysts’ expectations because its loan-loss provisions would be higher […]

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“We Should Have Known Something Was Wrong”

“We Should Have Known Something Was Wrong” Remember when stuff such as the following was written exclusively on “conspiracy” tin-foil blogs by deranged lunatics who could not appreciate the brilliance of the neo-Keynesian system and central-planning by academics, in all its glory? Good times. Here is Bank of America’s Athanasios Vamvakidis channeling Tyler Durden circa […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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