• Pivotfarm
    05/30/2015 - 08:32
    Warren Buffet isn’t one of the richest men in the world with the flair for making a fast buck or two for nothing.

Joseph Stiglitz

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Financial Markets: Negating the Laws of Gravity





Usually what goes up normally ends up coming back down to Earth with a damn great thud. Well, that was long ago with good old Isaac Newton and the apple story.

 
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Blatant Housing-Bubble: Stating the Obvious





There are people in the world that go to work every day to end up stating the damn obvious. 

 
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Let’s Downgrade S&P, Moody’s and Fitch For Once





The rest of the world has had enough of the monopoly of the credit-rating agencies that are largely biased towards the US economy and it’s about time that it all came to an end. 

 
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France Summons US Ambassador in Snowden Affair





It’s all for play isn’t it when the French Minister of the Interior Manuel Valls summons the US Ambassador?

 
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US Still Living on Borrowed Time





Dreams usually come to an end when we get to the good part. The juiciest part of the American dream has ended too

 
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(In)Direct Slavery: We’re All Guilty





As we sit in our comfortable living rooms, loafing back into our sofas, munching on a bar of chocolate and slurping down the coffee whilst checking the smartphone for message most of us have little idea that the chocolate, the coffee and the smartphone were made by resorting to indirect slavery quite probably. 

 
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The Nobel Prize: Do We Have to Agree?





Once upon a time the person that ended up with the Nobel Prize for whatever it might have been was always the single person to be left standing on the podium in the number one position.

 
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Revolution Costs





It’s obvious that we might sometimes have the impression the freedom has no price on it. But, think again.

 
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Petrol Increase because Traders Can’t Read





We all know that it’s not actually the message that is important but the way that the words are interpreted by those reading them. Never has that been more important than with Twitter. You only get 140 characters, which might be too much when we read some of the comments on there. But, for others it’s far from enough. Traders look like they could be needing a few more pages to get the full picture. Just a few days ago traders made a mistake when they read the tweet posted by the Israeli army on October 10th 2013.

 
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Darfur: The Land of Gold(s)





Once upon a time there was a conflict that was based upon ethnic origins in Darfur.

 
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Obamacare: I’ve Started So I’ll Finish





As Warren Buffet openly states that he believes that a default on US debt will be catastrophic and that lawmakers in Congress need to get their act together and get the federal government back to work by passing the budget we might well wonder if it’s just for show or if he really believes that.

 
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Guest Post: Five Years In Limbo (And Counting)





Five years later, while some are congratulating themselves on avoiding another depression, no one in Europe or the United States can claim that prosperity has returned. The financial system may be more stable than it was five years ago, but that is a low bar – back then, it was teetering on the edge of a precipice. Those in government and the financial sector who congratulate themselves on banks’ return to profitability and mild – though hard-won – regulatory improvements should focus on what still needs to be done. Some are pleased that the economy may have bottomed out. But, in any meaningful sense, an economy in which most people’s incomes are below their pre-2008 levels is still in recession. An The glass is, at most, only one-quarter full; for most people, it is three-quarters empty.

 
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USA: Uncle Sam is Dead





Isn’t it wonderful how the US believes (whether that be the citizens or the politicians) that the state will never default on its debt repayments?

 
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Where Washington Should Go for Money: Havens





As the US government shutdown enters its 7th day today it looks as if we shouldn’t be holding our breath unless we want to go blue in the face in the hope that there might be a compromise or somebody might actually cave in.

 
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Media Forgets: Rouhani’s Spots Won’t Change





Turning over new leaves and all that stuff is great if you believe that your true nature can be changed. But, leopards rarely change their spots and Iranian spots are just as indelible as any others in the world. 

 
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