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Finance and Banking
On July 21, 2010 (the "Enactment Date"), President Obama signed into law The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"). The legislative changes mandated by the Act, which is named after Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and House Financial Services Committee Chairman Barney Frank (D-Mass.), are intended to shield the financial system from ...
Read more...Krugman contra Hayek
The concept of the liquidity trap is the keystone of Krugman's thesis, according to which the rules of the game change when there is a lack of private investment.
Read more...Neste Oil's interim report for January - June 2010
ESPOO, FINLAND--(Marketwire - July 29, 2010) -
Read more...Euros Gain Hurts Exports as Spain Sweats Major Rally
The euros biggest rally in a year is threatening exporters in Europes weakest economies as they grow more reliant on international sales for growth.
Read more...John Taylor Says The Euro Is Like A "Headless Chicken", States Prop Trading Makes Up 80% Of Goldman's Revenue
John Taylor is his usual painfully forthright, objective and candid self in this must read Capital.de interview in which he analyzes the prospects before Europe (not good), and compares the Euro to a "chicken, with a severed head running across the yard before it dies." Taylor believes that so long as Europe continues to exist in its make believe monetary never-never land, any efforts to bring ...
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