This has, so far, pretty much run parallel to Rickards’s warnings and descriptions, the first round of the reality turning out, if anything, rather “a kinder, gentler” bullet than that described in ‘Currency Wars”… But it’s still plenty deadly. And it’s still only a first round; the numbers are in:
China Dumps A Record $94 Billion In US Treasurys In One Month
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7 Characteristics of Debt-Free People – A.L.
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When “Virtuous Debt” Turns Ferociously Vicious: The Mother Of All Corporate Margin Calls On Deck – A.L.
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America’s Housing Market: This is the time to sell – R.M.
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Items from Mr. Econocobas: