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2008
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December
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Why Property is Poor Security
12/30/08
The anglo-saxon mentality loves property. But there have been several spectacular busts, from the secondary banking crisis in the mid-70s, through the crash of the early 90s to the latest manifestation of “this time it’s different” (it wasn’t, of course) in more recent times.
Why is this -
Reports Of My Death Have Been Greatly Exaggerated
12/15/08
So wrote Mark Twain when a prematurely published obituary was brought to his attention.
I attended a briefing on the economy and markets last week. Some of the content was good if gloomy (maybe realistic!).
However, one speaker blithely said that "the originate to distri -
Back to Basics
12/08/08
It's not often I speak up in defence of big banks-what's the mission of Robin Hood Finance after all?-but the attitude of the government and the press to rate cuts is not, shall we say politely, very intelligent or considered. "Banks Fail to Pass On Rate Cuts" thunder the papers,
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Why Property is Poor Security
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