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Economy - Economics USA

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Mish Shedlock-globaleconomicanalysis.blogspot.com

Boomers have known only inflationary or reflationary conditions for most, if not all of their conscious lives. Here is the pattern: Want, work, borrow, spend, enjoy, and worry about the bills tomorrow, as if tomorrow would never come.

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ReasonOnline - reason.com

Think Fannie Mae and Freddie Mac were a politicized financial disaster? Just wait until pension funds implode.

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CalculatedRiskblog.com

Although the Census Bureau reported that nominal retail sales decreased 10.2% year-over-year (retail and food services decreased 9.8%), real retail sales declined by 11.3% (on a YoY basis). This is the largest YoY decline since the Census Bureau star

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Washngton Post

Citigroup will combine Smith Barney with the wealth management division of long-time rival Morgan Stanley. Citigroup will own 49% of the joint venture and get a cash payment of $2.7 billion from Morgan Stanley, which can buy the rest of the joint ven

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Mises.org / Robert Murphy

Keynesians act as if all problems can be patched up by a simple boost of "aggregate demand." [However], the economy's capital structure was thrown into an unsustainable condition, and it takes time for the mess to be sorted out.

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FFF / Jacob Hornberger

As long as one operates within the conservative-liberal paradigm of the welfare-warfare state, there is no solution. Things are only going to get worse.

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CalculatedRiskblog.com

Net new home orders totaled 551 for the quarter, a decrease of 56.0% from 1,252 net orders in the first quarter of the prior fiscal year. ... The cancellation rate for the first quarter was 45.6%

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http://survivemartiallaw.com

There’s so many things ‘in the works’ I’ll simply give you the bottom line since it’s too easy to get wrapped up in details. Recall please, we thought Martial Law would be imposed by now since “ALL” the pieces were in place and Directive 51, Rex 84 a

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Washington Post

If you started earning $27 million every day, from the day you were born, you'd have $1 trillion in your bank account around your 100th birthday. Today, it's the amount of cash in Hank Paulson's desk drawer.

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