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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label CMBS. Show all posts
Showing posts with label CMBS. Show all posts
Thursday, March 27, 2014

Chinese Mini-Bank Runs: Show ‘em the Money and Deposit Insurance

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The other day I posted here of a mini-run of a small Chinese rural bank in progress .  What course of action has been taken in order qu...
Monday, October 28, 2013

Phisix: The Implication of the US Boom Bust Cycle

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We are big fans of fear, and in investing, it is clearly better to be scared than sorry. -Seth Klarman Stock markets of the US and se...
Sunday, November 01, 2009

5 Reasons Why The Recent Market Slump Is Not What Mainstream Expects

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``The next bubble in asset markets will not be in the West but in emerging Asia, led by China. The irony is that the more anaemic the Wester...
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