Flawed 'Stimulus' Logic Explained in 30 Seconds

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Return Of The BP Zombie Well

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Mandela's Conscience Lives: In Thabo Mbeki

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BY FINTAN DUNNE - 1 April 1 2013 10:00EST Bitcoin's trading price just broke through $100 . But if you own the digital currency, don't crack open the champagne just yet.  And if you're thinking of buying the surging e-coins, think twice. Search volume on Google about "bitcoin" closely tracks spikes and falls in the bitcoin price - as the mid-March, 2103 graphic snapshot above shows. Since then, interest has quickened to match the 2011 first wave of public awareness. But price has outperformed interest in 2013's more mature market. There lies the danger. The market for bitcoins is not terribly liquid. Many e-coins languish in enthusiasts' electronic matresses. So when there's a sudden incoming stampede of new bitcoin adoptees - low liquidity powers the price steeply. The EU's debacle in Cyprus made bitcoin a novelty item du jour  for global media outlets. But absent a new austerity crisis, media interest will fade and "bi...
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