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I bet that works of Karl Marx and Nikolay Kondratiev are extremely popular literature nowadays.
"Each of the Kondratiev depressions has resulted in the liquidation of large but obsolete or inefficient industries, in the building up and then liquidation of debt, in commercial and sometimes national failures, and in high unemployment. The main characteristics of the late 1970s and 1980s are so similar to those of earlier Kondratiev depressions ( Read more... ) -
You can't save free markets by socialism or why Kondratiev was right.
Back in September 2003, Mr Paul told a House Financial Services Committee that: “Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
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This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing ( Read more... ) -
Bandidos vs. Federales
I didn't have a chance to read anything better than down bellow cited expose about war on drugs in Mexico; parallels with Regan's fiasco of hunting for Pablo are greatly portrayed. My personal experience with Federales during my travel through Mexico about nine months ago makes me feel bad for the lads; they seems to be really scared even behind ( Read more... ) -
The morning of the stroke: Neuroanatomist Jill Bolte Taylor describing her expirience.
"And at first I was shocked to find myself inside of a silent mind. But then I was immediately captivated by the magnificence of energy around me. And because I could no longer identify the boundaries of my body, I felt enormous and expansive. I felt at one with all the energy that was, and it was beautiful there."
Ms. Taylor's own brothers' ( Read more... ) -
Bonds market
The true bottom of the crisis could be predicted simply by watching a bond market. How much US bonds will global economy able to take before the low-coupon will becomes unacceptable? I expect a bond market crash will follow and the US dollar devalue very significantly. Only when the bond market bubble is deflated could markets truly be considered ( Read more... ) -
thoughts about emerging markets and impact of the depression on globalization.
As your neighbor's garbage bin or garden can impact your property price, impact of developed markets will impact sentiment and growth of firms in developing countries.
Some countries have strong domestic market but weak sources of capital, others have small domestic markets, but strong capital and commodities source. Hence without trade and ( Read more... ) -
(Untitled)
"Don't panic" is great advice - but difficult to follow.
