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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (106392)11/27/2009 9:25:19 PM
From: Gib Bogle4 Recommendations  Read Replies (1) | Respond to of 110194
 
A lot of good sense in that article, particularly: "For the top 20% of the population real incomes have increased by 60% since 1970. But for the other four-fifths real income has fallen by more than 10%." This was the purpose of the Reagan revolution, and it was successful.



To: Chispas who wrote (106392)11/28/2009 1:38:10 AM
From: Hawkmoon  Read Replies (1) | Respond to of 110194
 
“Dubai sends markets into turmoil,” begins the Financial Times. Dubai is a financial center, built on sand.

This was only to be expected. There has been an exodus of foreigners from the Emirates going on over the past year. People lost their jobs, but there is no debt forgiveness in the Arab world. If you owe money that you can't pay, odds are that you're going to debtors prison:

nytimes.com

globalenvision.org

Hawk


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