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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. percentage point to GDP growth in 2008 and 0.3

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"Bubblicious" High End Flipping Up 350%, Overall Flipping Down 13%

MishTalk

Flipping houses went out of fashion around 2008, along with flip phones and sub-prime mortgages. Regardless, bubbles never end well (except for bank executives and corporate insiders who cash out stock options and sell every share on the way up). MarketWatch reports House flipping makes a comeback. Mike "Mish" Shedlock.

Insiders

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Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?

MishTalk

Bernanke again paraded his lack of insight of the Fed’s leading role in causing the 2008 crisis. It should not be forgotten that after Draghi's 2012 whatever it takes comment, he also said in the next breath “and believe me, it will be enough” in another demonstration of central bank overconfidence.

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Rand Paul Walks Fine Line to Prove He is Not His Dad

MishTalk

Mick Mulvaney, a close friend of Rand’s who jogs and plays baseball with him, said he believes what most significantly separates the senator from his father is his ability to crisply articulate his ideas in a marketable fashion. Bank Lending, Jobs, The Great Retrace. December 2008 (85). November 2008 (78).

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How Multinationals Can Adapt to a Political Mood That Doesn’t Care for Them at All

Harvard Business

The financial crisis of 2008 is often attributed to deregulation and unfettered capitalism. Already, the World Trade Organization reports a rise in protectionist measures by the G20 countries, with 1,583 added since 2008 and only 387 removed. But this ascendancy is under threat. The first, and most obvious, is trade protectionism.

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What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back

Harvard Business

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank , the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.

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