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Investing, Philadelphia Style
Land ownership once was the only practical form of savings, until banking matured in the mid-19th century. Philadelphia took an early lead in what is now called investment and still defines a certain style of it.

Personal Finance
The rules of financial health are simple, but remarkably hard to follow. Be frugal in order to save, use your savings to buy the whole market not parts of it, if this system ain't broke, don't fix it. And don't underestimate your longevity.

Whither, Federal Reserve?
The Federal Reserve seems to be a big black box, containing magic. In fact, it's high-wire acrobatics that must not be allowed to fail.

Dislocations: Financial and Fundamental
The crash of 2007 was more than a bank panic. It was a collision of several revolutions which were all ripples from the same splash.

China Bubble
Whether it's for a Wall Street tycoon or a Chinese coolie, wages go up when workers chase after money they vaguely know how to spend. Inflation appears when they decide there's no longer anything worth buying. Unfortunately, when these confused squirrels stop running on their treadmills, the world gets a crash.

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