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Earlier this week Bill Lockyer told the San Diego Union-Tribune that investment bankers on Wall Street are skeptical of California’s high speed rail project. Unfortunately, Lockyer has offered neither evidence nor details of these statements, so we can’t really respond to them directly. (That’s not to say Lockyer is making it up, I’m sure he [...]
Jul 16th, 2010 | Filed under Uncategorized
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
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