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In the Time of the Shadow Bankers

Saturday, August 16, 2014

Global shadow banks now control more than $70 trillion in investible assets, according to the Financial Times global periodical.

Political elements of both parties in the USA are eyeing the period after the election, during which the US tax code and general corporate tax revisions and cuts will be taken up. But nothing will happen before the November midterm elections. Jack Rasmus explains why.