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When I got into the industry more than 50 years ago, finance was an adjunct to the real economy.
Basically it was used to finance real growth. But today it’s become the dominant factor in the world.
That is, finance is running the world and the real economy is kind of a sideline. It’s the adage about the tail wagging the dog.
But in this instance the tail is swinging the dog around the room and banging it off all four walls until it’s comatose.
And that’s basically what’s happening to the real economy -- it’s going to be comatose before this is over. --
John Embry
German Chancellor Angela Merkel has welcomed the first meeting between Russian President Vladimir Putin and US President Donald Trump, saying, the world can “only benefit” from better relations between Moscow and Washington.

“Everyone would only benefit if Russia and the US establish good and honest direct dialogue with each other,” Merkel told journalists during her news conference concluding the G20 summit in the northern port city of Hamburg.

Read more -   Trump: Meeting with Putin was ‘tremendous’

The German Chancellor said the world still faces a range of problems which can only be resolved through the joint efforts of Russia and the US, including the Syrian crisis, the issue of disarmament and the situation around the Korean Peninsula.

Russia and the US did not resolve all their differences in bilateral discussions on the sidelines of G20 summit, but, nevertheless, created the basis for a future dialog format, she said. Merkel expressed hope that a “healthy relationship” would eventually grow from the exchanges between Putin and Trump.

Politicians “should speak more to each other rather than about each other,” she added. ...

See full article @ Russia Today

 

Baby Frog: Mama, who is smarter- a chicken or a frog? Mama Frog: We are of course!!
Baby Frog: How do you know? Mama Frog: Well, who ever heard of Kentucky Fried Frog?
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