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  • Preview from Europe: Another Rollercoaster Day on the Markets [View article]
    In capitalist countries, which are convinced that governments are evil, government run banks are called BAD banks and in communist countries, which are convinced that capitalism is evil, free markets are called BLACK.

    Silver lining or our economic woes: We could call state run banks, BLACK banks, and communist free markets, BAD markets. This would have a huge effect on the world economy because names are important. If we had mostly black banks we could solve their problems with huge white downs and all bad markets would be improved by chasing out bad money with good.

    Don't laugh, Andrew Jackson and Thomas Jefferson proposed the idea two hundred years ago. It might work.

    White Mondays and good markets would be guaranteed by the economic law of reversal.
    Jan 25 12:53 pm |Rating: +1 0 |Link to Comment
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