URL details: pickinglosers.com/20110117/promote_industry_bag_banker
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Promote industry. Bag a banker. | Picking Losers
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Boris Johnson is quoted in MoneyWeek as having said to Management Today:"To the banker bashers I say, what's your economic model? We can't ignore and hate the bankers. What would that achieve? Show me how reducing financial services boosts manufacturing."OK.For years, the UK ran a massive balance of trade deficit, i.e. as a nation we bought and consumed more than we produced
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