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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
Originally Posted by dlockhart
Alan Greenspan decided to open the monetary sluices and capitulate to the bond vigilantes in 1994, especially after the New York banks almost went down in the Mexican peso crisis. At about the same time, Mr. Deng discovered that Mao had been drastically wrong—-that is, he realized that communist party power comes from the end of printing presses, not the barrel of a gun. Taken together these epochal shifts toward a global regime of permanent, massive monetary expansion changed the course of economic and financial history.
CNBC’s Alfred E. Neuman Luncheon Club—–Beyond Clueless | David Stockman's Contra Corner
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The reason why CNBC's cheerleading squad is clueless is because TABS stopped talking to them in late 2013.
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"Some Observer"
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