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The Producers and the Parasites

Not surprisingly, the only section of the country that is doing well economically is Washington, D.C. and the surrounding area. Why? They’re sucking up taxpayer money, impoverishing everyone else in the rest of the country.

Why Does Goldman Sachs Hardly Ever Lose Money Trading and You Do?

I have it on good authority that during periods of the recent financial crisis, Fed traders were told not to negotiate too hard when dealing with Primary Dealers. Translation: The Fed traders were told to shovel profits to the Primary Dealers. I think it's time we find out what kind of edge Goldman, and other Primary Dealers, get, or do not get, as a result of sweetheart trades with the Fed

Swedroe: Active Investing A Waste Of Time

It was Demosthenes who warned us that what each man wishes he also believes to be true. And Upton Sinclair, on the subject, said: “It’s amazing how difficult it is for a man to understand something if he’s paid a small fortune not to understand.”

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