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Bear Stearns: RIP

Most of you don’t follow this stuff too closely, but allow me to note the passing today of Bear Stearns a quirky New York investment bank. Here is the New York Times story:JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount Banking can be a fabulously rewarding business, but it can also humble quickly. […]

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The Slide Gathers Pace

I have been fully occupied writing so I have had no time to comment here for a while, but even I cannot avoid commenting on the sad state of the economy. The news today that Bear Stearns, a New York City investment bank, had to be bailed out by short term loans from J.P. Morgan […]

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United States in Decline?

Read this article from the New York Times Magazine:United States – International Diplomacy – Economic Trends – World Economy – Politics This subject: the increasing decline of US world power relative to the other great powers, is the true motivating issue underlying the upcoming presidential election. The complications of the last three decades of imperial […]

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