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Olduvai III: Catacylsm
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The Fed’s Phony Boom Is Becoming a Real Bust …

The Fed’s Phony Boom Is Becoming a Real Bust …  No More Juice Friday’s 391-point drop in the Dow – a nearly 2.5% fall – ended the worst 10-day start to a year in U.S. market history. The average stock in the S&P 1500 – which includes about 90% of all stocks in listed in the […]

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Central banks paralysed at the zero bound

Central banks paralysed at the zero bound Though the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise in interest rates has been put off indefinitely. The subsequent rally in the price of gold and the sudden fall in the dollar tend […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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