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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Historical evidence shows that this rarely happens following a balance sheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. In crisis-hit countries, it is unrealistic to expect the level of output to return to its pre-crisis trend.

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You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. For most companies intellectual property is something that sits on their balance sheet. Intellectual capital.