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OK, I can't let this idiocy go unchecked, Yes, it's Permanent Bonus Debate Time. Let me just harp on one point they keep coming back to, the Fear that The Best and The Brightest Wall Street employees, enraged that they can't get bonuses commensurate with their personal profits thanks to the fact t ... Read more

Central banks that are only able to inflate the money supply in their own domestic currency face significant challenges when faced with banking systems heavily indebted in foreign-denominated liabilities. ... Read the full post ... Read more