“In truth, markets had been trying to work since 1984, with Continental Illinois, desperately sending signals that the modern financial system was shot through with untenable risks that required a renewal of long-held regulatory principles. But government bailouts thwarted real
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(this was published previously in the Macon Telegraph) Being in the middle of a record economic crisis presents a rare learning opportunity. Several books are worthwhile for those seeking to understand what just happened. Too Big to Fail by Andrew
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Sometimes optimism and contrarianism can complement each other. Here is a thought. The health care bill is so unpopular and causing such outrage that other damaging proposals like the Union Card Check bill and Cap and Trade may have no
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The stock market has risen over 40% from the March lows. While the administration is sure to take credit for the market, they should do so cautiously. Since only a very small part of the stimulus package has been spent,
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