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There’s a myth in America that investors, especially Wall Street investors, are smarter and better informed than the rest of us poor schlubs. The market and its experts are given more weight than the views of other observers, because Americans in recent decades have gone all-in on the belief that markets know best. We should [...]
Jul 14th, 2010 | Filed under Uncategorized
As California’s budget crisis continues, the usual arguments about the $10 billion high speed rail bond are getting dredged up again. The Sacramento Bee’s Dan Walters includes HSR as one of the reasons he says state politicians are digging their fiscal hole deeper: The state has tens of billions of dollars in unsold bonds, and [...]
Mar 7th, 2010 | Filed under Uncategorized
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