In this week’s episode we discuss how investing can be difficult even with the benefit of a time machine and perfect hindsight. We also discuss the jitters in the European debt markets, Irish political instability and the recent volatility in municipal bonds. As if any more proof were needed, our commentators point out that the recent run on deposits with Allied Irish Banks despite the fact it had been given a clean bill of health by regulators earlier this year underscores the fact that policy makers lie.
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