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A warning from the almost-depression

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A ll during the 2008-09 financial crisis, Americans were told that the government was saving Wall Street not to protect overpaid bankers but to help Main Street avoid a second Great Depression. It was a hard case to make. However valid the logic, it was overwhelmed by infuriating realities — government was pouring tens of billions into the financial system ...

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Hong Kong should cut stock-trading taxes

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The Hong Kong Stock Exchange is poised to lead the world in IPOs. In the past eight months, the city hosted 132 initial offerings to raise a total of $23.8 billion, surpassing the $20.6 billion garnered by the New York Stock Exchange’s (NYSE) 40 sales. That’s an impressive record. Now for a less impressive metric: Hong Kong trails New York ...

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Bitcoin bigshot forgot one rule for selling shovels

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We all know the sage advice that in a gold rush the best thing to do is sell shovels. My caveat would be to ensure you’re paid in cash. And just to be clear for the modern world, this does not mean getting paid in Bitcoin Cash. Yes, I am looking at you, Bitmain Technologies Ltd. The Chinese company is ...

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