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Paul Gregory writes

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Two excellent posts from Paul Gregory’s blog [2].

In the first, he analyzes the recently released Fed transcript [3]¬†from 2006. He draws the right conclusion–a government panel with little or no skin in the game is unlikely to be able to correctly see or foresee systemic risk.

In the second, he analyzes the recent success (or lack thereof) of Chu Capital [4], a little noted investment firm that you and I are financing.

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