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Economy - Economics USA

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Financial Times

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation. Mr Hoenig said that rising debt was infringing on the central bank’s ability to fulfil its goals of maintaining pr

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arclein

Pat Chaote has published a book titled ‘Saving Capitalism’. I heartily recommend it as mandatory reading for all Americans. This is a short history of what has gone wrong over the past decade and also why. I have already posted that the cause of

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finance.yahoo.com/tech-ticker/

Michael Pento has a new twist on the discussion. Pento, senior market strategist with Delta Global Advisors believes this is a tee-pee shaped recovery with the top of that tee-pee having already formed in the fourth quarter.

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money.cnn.com/

States are looking at a total budget gap of $180 billion for fiscal 2011, which for most of them begins July 1. These cuts could lead to a loss of 900,000 jobs, according to Mark Zandi, chief economist of Moody's Economy.com.

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EconomicPolicyJournal.com

Slowdown in money growth has clearly put deflation in the driver's seat. Inflation may be lurking in the back seat of the car, but it will take a good punch, I'm talking a real good punch of monetary inflation, before inflation can unseat deflation..

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EconomicPolicyJournal.com

The latest tale of financial crisis in California is playing out in Los Angeles. The city faces a budget shortfall approaching a billion dollars, and unless it can find a remedy soon, it may be insolvent by midsummer.

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Gerald Ford had the right idea. The year was 1975. New York City was in financial trouble. It had to borrow to pay its operating expenses. And lenders were getting tough. So Mayor Abe Beame turned to Washington, begging for a bailout.

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Wendy McElroy

I never thought I would seriously study arcane economic mechanisms like "the carry trade" but I've become convinced that I cannot understand the world around me without grasping at least the basics of arbitrage and the like. Perhaps the world was alw

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CalculatedRiskBlog.com

“If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives

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Ritholtz.com

California Budget gap (as a % of the total budget): 22% Gap: $22.2 billion Perhaps the solution to California’s woes is for Arnold (who is from Austria) to have California join the EU. Then, they might qualify for a bailout from Germany . . .

thelibertyadvisor.com/declare