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overtheedge
Member since May 2012
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Fed Responsible for EM Crisis? - Axel Merk - Merk Fund

Tis the poor craftsman that blames the tools.
Credit and money are just tools.
Failure to accept responsibility is a deep character flaw that rarely changes.
So unless you are non compos mentis, you is responsible for your own financial mess.
Any whining is just indicative of even deeper character flaws.

Good article.

Commented 3738 days ago

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Beginning of the headline :From the bully pulpits in São Paulo to the blogosphere in cyberspace, the Fed is blamed for the turmoil in Emerging Markets (EM). Thats a bit like blaming McDonalds for obesity. Blaming others wont fix the problems in EM economies, it wont fix investors portfolios and it is an unlikely way to lose weight. Investors and policy makers need to wake up and realize that they are in charge of their own destiny. Let us explain: The Blame GameTalking to politicians around the world, they have a few... Read More

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