Make Capital Cheap And Labor Costly, And Guess What Happens?

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Authored by Charles Hugh Smith via OfTwoMinds blog, Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global economy is failing the many while enriching the few, start with the basics: capital, labor and resources. What happens when… Read More

Paul Tudor Jones: "The Next Recession Will Be Frightening"

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With outgoing Goldman CEO Lloyd Blankfein clearly in a whimsical mood these days and happy to moonlight as a talk show host, in today’s “Talks at Goldman Sachs”, the hirsute CEO of the world’s biggest incubator of central bankers interviewed hedge fund investing legend Paul Tudor Jones. After a brief conversation about the early days… Read More