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Sure. But IMO it is not possible. Obladi oblada.

They don't. All systems eventually hit the "reset" button. I see this as a perfectly natural outcome, and it doesn't bother me at all, other than dealing with the fact that we may have to deal with the complexity of living through one.

A truly free market would allow people with lots of money (or other resources) to set up their own currency and run it as they wish, for their own benefit. A formalized central bank structure is a close approximation of this. Central banks, formal or otherwise, are in fact, a key feature...

:)

Ironically, they both outlasted capitalism.

The very concept of a mortgage runs contrary to fundamental principles of Judaism, Christianity and Islam, so from a non-secular perspective, the scenario is inherently immoral regardless of who is paying the mortgage.

Yes, similar comments are seen in many summers. Volatility cycles.

The Old Empire fights back - nobody benefits from this except the old school banks and exchanges. The fact that they benefit from this means it's bad news for pretty much everybody else. Apart from that, the document is ridiculous: "A firm engaged in algorithmic trading must organize its...

It's not coming back. The game has moved elsewhere.

Way to go out on a limb there, mate.

Public companies are having a tough time because so many of them are flaming out as outright frauds, and people don't trust them anymore. Has little to do with "the heavy hand of the government". If anything, it's the opposite.

Sorry mate, I totally understand the request for a link, but you know how it is, the good stuff generally isn't linkable until the bodies are buried. ;)

Knight had the tools necessary to stop this in its tracks. The problem is they had a broken command structure. The one guy who could unequivocally hit the kill switch wasn't available due to a personal issue. Nobody else was willing to step up and shoulder the responsibility in a clear...

There isn't one.

Probably wouldn't be all that much different, unless we accepted a dramatic downgrade in minimum housing standards. Or put another way - incomes couldn't be driven down unless housing costs also came down in similar fashion.

That has nothing to do with what I said. Germans - amongst others - have done an outstanding job making "socialism" work. They took a country that was a divided, smoking pile of rubble and in less than two generations rebuilt it into a global economic powerhouse. West Germany (and...

Or read some Dickens. Nothing destroys the middle class faster than big-C Capitalism.

This would mark the first time in my getting-long life that someone has put Canada in the "top Capitalists" list. Ditto for Singapore, ANZ, and the Swiss. That said, it is good to see that relatively high taxes and heavy social services don't disqualify countries from being considered...

There are an infinite number of ways to estimate. None of them work reliably. And that should be obvious.

In the universe where real people live, where laws are skewed in favor of the law writers and those who pay them. On its own, the "rule of law" has no moral content whatsoever. It can be good, it can be middling, it can be down right evil and oppressive.