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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Geithner, October 18 2010, in California:
“It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity and competitiveness,”
“It is not a viable, feasible strategy and we will not engage in it.”The mind boggles. Dropping rates to zero and engaging in QE is what then?
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