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Bond Age

Posted by Michael Dolan on June 22, 2012 in Uncategorized |

          World macro-economics, apparently, is now easy to understand.  You either favor “growth” or “austerity.”  As with almost all official economic concepts, these terms do not refer to actual activities.  So let us be clear.           “Austerity,” finding its roots in monastic and religious behavior, means cutting government spending and reducing debt.  Austerity leads to less […]

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Betting Our Hedges

Posted by Michael Dolan on June 15, 2012 in Uncategorized |

JP Morgan Chase’s Jamie Dimon has garnered great phrase for what many financial commentators are calling a forthright admission of $2 billion in trading losses over a 6-week period.           What too many gloss over is that his sudden announcement does not actually tell us what happened and what the numbers are.  It appears the […]

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The Magical Land Where the Problem Disappears

Posted by Michael Dolan on June 11, 2012 in Uncategorized |

           “Wall Street” is not worried.  Despite years of criticism from occupiers, moccupiers, politicians, “main street,” the Tea Party, and innumerable others, the bankers, salespersons, investors, and speculators covered by this expression remain confident of their position.           Since the beginning of their post Civil War rise to power, the “malefactors of great wealth” (search […]

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