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Banking Mess

The FDIC is broke (although not without additional Fed/Congress credit access) so is not closing banks that should be closed. Bank closures are occurring when… 

Stocks Divorced From Real World

Below is an excerpt from David Rosenberg’s piece at https://ems.gluskinsheff.net/Articles/Breakfast_with_Dave_082809.pdf “Indeed, let’s compare the economic background last October compared to today:•The unemployment rate was 6.6%… 

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