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How To Be Elected President
Presidential elections are now a billion dollar business, with massive marketing campaigns run by specialists. Bestsellers minutely analyze winning and losing strategies and tactics. Yet an important factor in successful campaigns is usually ignored. It was formally called “the common touch” but with the increased political influence of the South and Southwest I call it…
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Financial Markets 101 and the Current Financial Crisis
I’ve been asked to define some financial terms and comment on the current financial crisis and coming recession. -Financial institution (is it any bank or stock broker?) -Investment bank ( I never understood why Goldman Sachs was considered a kind of bank) -Systemic risk -Counter party risk -Mortgage backed securities vs. mortgages (does a mortgage…