Archive for May, 2012

The Ascent of Money

May 24, 2012

Call it what you may, money can make or break us. It’s certainly broken some of the biggest names on Wall Street. What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do?

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The Key to Understanding “Recession” and “Recovery”: The Wealth Pyramid

May 3, 2012

Submitted by Charles Hugh Smith from Of Two Minds The Key to Understanding “Recession” and “Recovery”: The Wealth Pyramid The top 20% are prospering and spending money; the bottom 80% are not, but thanks to vast wealth disparity, the top slice of households can keep consumer spending aloft. This provides an illusion of “recovery” that masks […]

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