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Itís Not Just Deutsche Bank. The Entire Financial Sector Is SickI

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Sept. 30, 2016

These are great times for financial assets — and by implication for finance companies that make and sell them, right?

Alas, no. Just the opposite. Each part of the FIRE (finance, insurance, real estate) economy is imploding as “modern” finance hits the wall.

Interest rates, for instance, have fallen for three decades…


Stock prices are at record levels…