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Trying to Stay Focused on the Big Picture
Doug Noland
07/06/2012
www.prudentbear.com
“The unavoidable may be avoided for years, yet the brutality of a Credit cycle’s downside in the end will be commensurate with the duration and scope of boom-time excesses.”
“’When the development of a country becomes the byproduct of the activities of a casino, the job is likely to be ill-done.’”
Having [...]
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