The paperback of Bailout Nation is out today!
Here is the first chapter:
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Brief History of Bailouts
[...] Disclosures « A Brief History of Bailouts [...]
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There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations. "”John Kenneth Galbraith, American Capitalism: the Theory of Countervailing Power
Adding to the daily inflation/deflation debate, much has been made of the drop in industrial material prices, including energy, (Journal of Commerce Index down 13% from its Apr high) in response to the slowing in China, Europe and the US. However, very little focus has been given to the recent rise in agricultural commodity prices. Today, corn and wheat are rallying to 2 month highs, soybeans are at 2 week highs, sugar is at 10 week highs and coffee is rising to just off 12 year highs. Also, cattle prices are at 1 month highs and lean hog prices are...
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