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All central banks are desperate to stop stress from building in the global banking system. Despite what they say, job No. 1 of every central bank is to do whatever it takes to prevent a disorderly collapse of banks caused by “bank runs.” These central bankers are crazy, and nothing will stop them from supporting the status quo.

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American Airlines Retreats to Fight Another Day

Early this morning, American Airlines parent AMR Corp. (AMR) filed for Chapter 11 bankruptcy protection, listing total assets of $24.7 billion and debts of $29.5 billion.

Readers of my research service, Strategic Short Report, know that we’ve held a short position on AMR since mid-March. But that’s only part of the story here…

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American Airlines Retreats to Fight Another Day

Early this morning, American Airlines parent AMR Corp. (AMR) filed for Chapter 11 bankruptcy protection, listing total assets of $24.7 billion and debts of $29.5 billion.

Readers of my research service, Strategic Short Report, know that we’ve held a short position on AMR since mid-March. But that’s only part of the story here…

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AMR (NYSE: AMR) Fails to Make the Runway, Files Chapter 11 Bankruptcy

As a frequent island hopper, I’ve had more flights on American Eagle than I can possibly remember.

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Borrow and Spend Economics to Pay for Borrowing and Spending

Okay, I will admit that we had a little accidental gunfire around here recently, but nobody was hurt, and all that really happened is that I wasted a lot of very expensive ammunition and scared the hell out of a lot of people, including myself, a commotion which instantly activated my Amazing Mogambo Reflexes (AMR), making me drop the delicious Hostess Cupcake that I was noisily eating and take cover on the floor, falling, as I did, on top of the aforesaid cupcake, smashing it all over myself, and all over the floor, which made it taste terrible after that.

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