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Tell Wells Fargo, Bank of America, JP Morgan, and Citigroup to Go to Hell
As banks and credit unions stop accepting California IOUs, a market for the securities has sprung up on eBay and Craigslist. Not so fast.....
Qualms On Foreign Trade
"7.5. The idea that the opening of foreign trade bears a close resemblance to technical progress, in that in both cases additional proc...
Bank of America, Citigroup, Credit Card Defaults Soar To New Highs
Last month's improvements in credit card defaults appears to be an outlier. Credit card defaults have resumed their natural tendency to ...
Hoisted From Comments: Query On Foreign Trade
A reader asks: "This is an unrelated discussion, but I was hoping that maybe you (or someone else reading this forum) could help me wit...
The confessions of Paul Krugman
A column by syndicated columnist Jay Ambrose appeared in the local paper a few days ago (I couldn't find it online, but try this ). I se...
Parallel Thoughts By Wittgenstein And Sraffa
Apparently Wittgenstein wrote the following in 1937: "The origin and the primitive form of the language game is a reaction; only from t...
Listen to Citigroup Analysts at Your Own Peril
Citigroup analysts appear to be a hopeless lot. Please consider this July 1, analyst recommendation: Citi tells clients to buy Bank of Ameri...
Social Safety Nets Mask Deflationary Depression
In a recent video Robert Prechter says the Dollar's Hit a "Major Bottom" and that a deflationary depression is coming. Accord...
Anger Can Be Power
What I'm reading: "The colonial world is a world cut in two. The dividing line, the frontiers are shown by barracks and police stat...
Sign of the Times - Advertisement for an ATM Dispensing $10 Bills
Here is an image reader "Daisy" sent my way. Daisy Writes: One of my Facebook friends posted this pix in a NYC photo gallery: It...
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