Ray Dalio on the D-Process in Europe

The D-Process played out in greater initial force in the US private sector. Now Europe is playing catch-up, but more via the public sector due to the restrictions imposed by the Euro. Ray Dalio comments on how he sees this process proceding…

links for 2011-09-16

Liquidity fix not enough for Europe: investors | Reuters "Troubled euro zone banks probably need more aggressive capital injections to get through turmoil caused by Europe's worsening debt…

The European Bank Bailout

Central banks are taking on quasi-fiscal roles because the fiscal agent is lacking as in Europe or is unwilling to take bold steps toward a permanent solution to a systemic problem. What we need is ring fencing of core deposit-taking…

links for 2011-09-15

The Libertarian Three-Step Program | Bleeding Heart Libertarians "Why didn’t the patient buy insurance? Because the price was too high. Why is it so high? Talk about the specific ways in which…

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