P.I.D. Radio 8/10/11: We Blame London, We Blame France

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STOCKS DROPPED again today, wiping out gains yesterday as nervous investors reacted to speculation that France’s credit would be downgraded and worries about bank solvency.

Meanwhile, the drums continues to beat for intervention in Syria, and rioting continues in England.  Protesters don’t seem to have any clear objective except grabbing free swag.

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