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“This Time is Different: Eight Centuries of Financial Folly” – A Book by Reinhart and Rogoff

Highly leveraged economies, particularly those in which continual rollover of short-term debt is sustained only by confidence in relatively illiquid underlying assets, seldom survive forever, particularly if leverage continues to grow unchecked. Words: 1264

February 10th, 2010 | Posted in Economy | Read More »

 

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  1. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
  2. taluis: A punitive Sales or Capital Gains Tax on the sale of gold in an economic collapse (or similar situation) is...
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  5. Blindfolded Monkey: I don’t have quite the same negative view of Paul Krugman but I agree that it is clear that...
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