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As the Credit Cycle Turns
A rising stock market has the illusory effect of masking the economy’s warts and blemishes. Who cares if incomes are stagnant when everyone’s getting rich off stocks? Certainly, winning wealth via the stock market beats working for it. Without question, … Continue reading
Posted in Government Debt, MN Gordon
Tagged algorithm, emerging market debt, long term capital management, myron scholes, robert merton
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