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Stock Market Fizz

I don’t usually talk about the stock market. It has very little to do with the real economy. The old adage that the market has predicted six of the last four recoveries is entirely apposite. Still even I find it hard not to notice the current run up in stock prices. The question being asked […]

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No Stress? No Sweat!

The flood of leaks related to the bank stress tests due to be released this week has me thinking: why? Why, that is, are we getting treated to an almost daily series of ‘off the record’ and ‘unofficial’ flow of information about them? It makes no sense. Unless the administration wants to dull our faculties […]

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Fiat on the Rise?

News has emerged over the weekend about the plans that Fiat has after its deal with Chrysler is consummated. The story is an ideal example of the way in which recessions produce opportunities as well as the more often described disasters. Somewhere the great economist Joseph Schumpeter is smiling: the ‘creative destruction’ he saw in […]

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