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Economy - Economics USA

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Strike-the-Root

Entrepreneurs are capable of surprising things we can’t predict, but which will undoubtedly make our lives better. If environmentalists would let free enterprise and market competition work their magic, the environment would get better seemingly on

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Washington Times

Some Democratic and Republican presidential hopefuls are preaching economic doom and gloom, disappearing middle class, and failing health care industry. What's their solution? The short answer is give them more control over our lives.

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WorldNetDaily.com

U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.

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New York Times

The agency declined to identify the companies under investigation but said the inquiry, which began last spring, involves companies across the financial industry, including mortgage lenders, loan brokers and Wall Street banks that packaged home loans

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CalculatedRisk.blogspot.com

Wall Street bond rating agencies are poised to downgrade two big bond insurers, Ambac Financial Group and MBIA...the downgrades could come as early as Wednesday.

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Americans no longer need any more proof that the fiscal and monetary leadership of the United States is bankrupt. Both the republican administration and the democratic congress have joined hands in the total destruction of the American dollar. The c

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Michael Shedlock / Mish

If banks can make "business decisions" to ignore risks, to lend money with no down payment, and fire people at at the first sign of trouble without any remorse, why shouldn't consumers be able to do the same?

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USA Today.com

"Foreclosures have been growing at a rapid pace for all of 2007, and we anticipate almost an avalanche in 2008," says Rich Cosner, president of Prudential California Realty.

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AFP

The streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed. Faded "for sale" signs sit in front of deserted houses. The residents are gone, either in search of new

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Nolan Chart

There is an uncanny silence about the Economic Revitalization Plan published by Ron Paul on January 24th. Neither MSM nor the "top tier" candidates have pounced on it as voodoo economics or what-have-you. But it has caught us off guard too.

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MarketWatch

Some observers draw a darker metaphor, noting that much of what we are seeing now also took place in 1929. As we know, that meltdown was not followed by a happy ending, but rather by a decade of poverty, shantytowns and sporadic famine.

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www.foxbusiness.com

Bad news means good news on Wall Street -- at least that's the case until after the Fed's next policy meeting. Wall Street is rallying today on the hopes that more ugly housing data will prod the Fed into making another aggressive interest ra

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YouTube

New York Times columnist and Princeton University Economics professor Paul Krugman visits UC Berkeley to discuss the war on Iraq and the American economy. Series: UC Berkeley Graduate School of Journalism presents...

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Michael Shedlock / Mish

Analysis will show that Bernanke can change interest rates but not attitudes, and attitudes are far more important. Indeed, changes in attitudes will render all of Bernanke's theories about the Great Depression meaningless.

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Youtube.com

In the 1930s America had hard scrabble shantytowns known as Hooverville's, and today we have the Bushville.

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Lew Rockwell.com

We appear to be in the early phase of a financial earthquake that will get into the history textbooks. The volatility of the American stock market indicates something severe, yet at present is being contained.

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Michael Shedlock / Mish

US office property sales fell by the largest amount since September 11, 2001 terror attacks in the final three months of last year, raising fear that commercial real estate is heading for a meltdown.

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