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Articles: financial crisis (8)

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Wall Street Really Does Enjoy a Different Set of Rules Than the Rest of Us

...[T]he transfer of wealth that has been created, that has been taken from the saver and from the taxpayer to “mend the financial system” or to keep it from falling off the cliff is extraordinary.

How do Empires hunt bears? The control of natural resources from ancient Rome to our times

You probably know the joke that starts with the question "how do economists hunt bears?"

Continuing With The Insanity

A few stories from a single issue of the Financial Times show how little things have changed, and how few lessons have been learned, since the 2008 financial crisis.

The next financial crisis - not if but when

The latest World Economic Outlook from the International Monetary Funds (IMF) paints a gloomy picture of slowing growth across the world.

Looting the public

I think we’ve got to the point where we have to name British politics for what it has become: a wholesale looting of the state and the public, with the complicity of the political class, to reward the financial sector.

Italy: Adapting to Collapse

Tourism is also quickly gaining a new status of fundamental resource in the Italian economy.

Central Banks' Balance Sheets, Interest Rates and the Oil Price

Money can be looked at as a marker for energy (alternatively; money is a claim on energy). As energy prices rise and/or energy supplies decline, this will depreciate the purchase value of money (and other paper constructs representing money).

On the Other Side of Collapse: Notes from the Island of Cyprus

Last year, Sofia witnessed first hand the near complete collapse of the island’s economy...

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