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  1. Bank capitalization is not measured by market cap, and banks do not have any very large direct exposure to common stock unless they are doing things that should not be legal. So the stock market can burn.

  2. What the IMF gets or does not get does not matter very greatly for the ability to maintain supermarkets and pharmacies in stock. The IMF can be allowed to burn.

  3. That is a statement of ideological preference, not economic necessity.

  4. Two per cent is not sufficient to matter to any business model that matters to the real economy. Those who lose their shirt over two per cent, or even five per cent or ten per cent, eurodollar fluctuations should be allowed to burn.

- Jake

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 29th, 2015 at 11:44:30 AM EST
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