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Cheesy Mac
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Capitalist Pig
Capitalist Pig

277 followers
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Last month, the money supply growth rate in the United States fell to a 104-month low, rising by 5.91 percent. This is the lowest growth rate recorded since July 2008 when the growth rate was 5.24 percent.

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In Italy, the death of a pensioner who also committed suicide after losing his life savings as a result of a controversial move by the government to rescue four banks. The 68-year-old hung himself at his home in Civitavecchia, a port town near Rome, after the so-called “save banks” plan wiped out €100,000 in savings held at Banca Etruria, one of the four lenders included in the government rescue deal announced on November 22nd, 2015.
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The government has made promises and socialism was all about protecting the people from the evil capitalists. But the politicians became the capitalists and now all the promises are being reversed or modified. The crisis we face ahead is so many people believed in what they told everyone. What happens when they discover it has been just a lie?

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Home values are up, flipping is back in vogue, and more than a little subprime sauce is needed to keep the party cooking. Putting a face on the subprime broker demand Ms. Grind features a former Calvin Klein salesman who admits he didn’t know much about housing finance. “‘I knew a mortgage was a loan for a house,’ said Mr. Boyd, who was recruited by his boss, Jon Maddux, after selling him a Calvin Klein suit at a local outdoor mall. ‘I came in just a blank slate.’”

My comments
Here we see evidence of increasing probability for malinvestment, causing a business cycle. As the boom continues, experienced and high performing entrepreneurs are already in the market. There must be new buyers to boost the market higher, as reservation supply can only keep the market afloat (inaction cannot create change, but can prevent it). These new buyers will be less skilled than those already in the market to forecast future market conditions. As the boom goes on, less and less competent entrepreneurs must be offered credit in order to sustain the boom. These less competent entrepreneurs are more likely to make mistakes and errors in judgment, and create the cluster of error we call the business cycle, or a recession.

The article does talk about the hesitance of lenders to offer subprime credit, so we are fairly certain the peak has not been reached. Lenders must be prepared to loan to anybody, and have misplaced confidence in the ability of the borrowers to repay. So long as this hesitance obtains, we have room to move.

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To the moon!!!!

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According to the WSJ, “At more than half of schools, at least a third of seniors were unable to make a cohesive argument, assess the quality of evidence in a document or interpret data in a table”. The outcomes were the worst in large, flagship schools: “At some of the most prestigious flagship universities, test results indicate the average graduate shows little or no improvement in critical thinking over four years.”

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But Corbyn wants a maximum wage and intends to take Labour back to the 1970s and its extreme Marxist positions. Installing a maximum wage to prevent high paying jobs seems insane.

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Природа шутит 😊😻😊😻😊
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