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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,477 Blog Posts

Niall Ferguson: The Third Leg of the Economic Crisis Since 2008 is Here

Dr. Fly Thu Jan 21, 2016 3:39pm EST 4 Comments

Harvard Professor and Davos hot-shot believes there is a risk of a great depreciation of the Chinese currency. As the government tries to liberalize their economy–persons of extraordinary pessimism– aka the chinese people, will venture the hell out of China into calmer waters.

This is having a debilitating effect on the Chinese economy, which is rippling throughout the global economy–pushing commodities lower. This is the 3rd leg of a sequence of crises since 2008.

Fucked. In the streets.

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4 comments

  1. aformalcat
    aformalcat
    January 21, 2016 at 3:43 pm

    Nial has a great documentary on YouTube named The Ascent of Money. http://youtu.be/fsrtB5lp60s

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  2. tradercaddy
    tradercaddy
    January 21, 2016 at 3:44 pm

    So sez the pretty boy Harvard elitist.
    I bet he has never had a real job in his life.

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  3. soupbone
    soupbone
    January 21, 2016 at 4:45 pm

    Honestly, when have not been in crisis? Long quality equities.

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  4. jpmorgains
    jpmorgains
    January 21, 2016 at 8:29 pm

    Lotta being fucked in the streets going on lately.

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