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Fewer than 18 months ago, Meredith Whitney put municipalities on notice for their poor fiscal health. In a scathing 60 Minutes interview, Ms. Whitney declared there would be “hundreds of…
Read MoreThe yield on Treasuries has long been considered risk-free because the likelihood that the government would default is perceived to be extremely low. But what if the actual yield is…
Read MoreOverall, last week turned out to be yet another volatile one for the global markets. I have used terms like “dichotomy of markets”, “financial schizophrenia”, and plain old insanity to…
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