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Sumner is Now More Wrong

…policy – exactly how long has Japan’s interest been about zero? So shouldn’t Japan count as a loss in Sumner’s book? But that’s trivial. A bigger problem is that Argentina’s…

Tuesday voting

…to lose his job this season, following Utah Sen. Bob Bennett’s failure to get the GOP nomination in his state and Democratic Rep. Robert Mollohan’s primary loss in West Virginia……

Type four win-win trading

…bearing to people who are unusually tolerant of risk in general. 3. Insurance: people who are holding a lot of one big risk can reduce the risk of catastrophic loss

Financial Arsonist Found ?

loss of all value of the equity tranche and using the rest of the cash flow to invest in CDSs of similar CDOs which they didn’t sponsor. I think they…