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What Will Be Your Share of Europe’s Bailout?

Written by Gary North on December 13, 2011

This joke has it right. Question: A Greek, an Italian and a Spaniard walk into a bar. Who picks up the tab? Answer: The Americans. The author understands how the financial markets work. The Europeans will pay for their bankers’ stupidity. So will we. MF Global was just the beginning. And then there is the […]

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The Lollipop Guild: Stock Market Bulls

Written by Gary North on December 12, 2011

In The Wizard of Oz, three Munchkins represented the Lollipop Guild.   Economist and fund manager John Hussman has taken that phrase and has elaborated on it. We represent the Lollipop Guild Frankly, I am concerned that Wall Street is becoming little more than a glorified crack house. Day after day, the sole focus of […]

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If China Crashes, Imports Will Get Cheaper

Written by Gary North on December 9, 2011

China’s real estate bubble has popped. Rich Chinese who bought urban residential living space and are holding empty space off the market for appreciation have begun to take the inevitable bath. Most analysts expected monetary easing to start next year when inflation had subsided further. But then most China analysts were predicting a “soft landing” […]

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China’s Real Estate Bubble Has Popped

Written by Gary North on December 1, 2011

China is the world’s #2 economy after the USA. It has the world’s largest real estate bubble. That bubble has popped. The losses will be enormous. China is also facing price inflation, especially of food. Why? Because of its monetary inflation. The central bank has been goosing the economy with fiat money for a decade. […]

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China Moves Toward Recession, as Austrian Theory Predicts

Written by Gary North on November 23, 2011

The Austrian theory of the business cycle is clear: when a central bank inflates, it will produce a boom. When it slows the rate of monetary inflation, the result is economic recession. I have written about this here. China’s central bank has been the most inflationary of any industrial nation. Now it has slowed, because […]

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