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John Mills: “Credit Cycles and the Origin of Commercial Panics” from 1867

The more things change they more they stay the same….

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ACAS Repurchases 8% in Q4

40% of the stock repurchased so far and Elliot involved.

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Less That 5 Days Excess Supply A “Glut” ?

I know of no other commodity known to such hyperbole as oil is…..from “peak” to “glut” in a couple years… I think I heard recently we were “choking on oil”

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S&P Intrinsic Value Update

The market in no way is overvalued

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12 Guesses for 2016

Seems obligatory to do this…..Anyway it is fun to look back and see which (if any) actually come true…..

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“Davidson” on Inflation and Pessimism

Capitalism in inherently deflationary. It’s primary goal is to produce more, better products at lower prices. THAT is deflationary. It is government spending which seeks none of the above that is inflationary. As spending wanes, inflation should remain low.

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I, Pencil….

 

Never get tired of reading this….

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S&P 500 Intrinsic Value Update, Peak Oil?, Delinquencies

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Corker Slips “Jump Start” Act in Omnibus Bill…..It’s Irrelevant

Let’s look at the scenarios here and get a sense of what this bills says and does and does it really matter?

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What Happened to Greg Schwind????

Regular readers know I am NOT a believer in huge coincidences like this…

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African American Mayors Association Calls For End of Conservatorship

More and more groups are putting pressure on the White House to end this….

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AIG Still In Reaction Mode…..

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Why The Pessimism??

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“Surprising” Jobs Report?

“Surprised”? Not if you’ve followed these pages for the past year or more… Today’s jobs data reflects on Wednesday’s post

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AIG Warrant Adjustment