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Economy - Economics USA

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Financial Times

The comments by the chairman of the Federal Reserve came in his most eagerly awaited speech, for months, with markets growing increasingly concerned about the weak economy and chronically high unemployment.

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arclein

The solution is to jump start the housing market by changing foreclosure laws in such a way that it becomes attractive to bail out the foreclosed by harnessing their support. The current system has worked so long as foreclosures were always at aro

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arclein

The too-big-to-fails, rather than being whittled down to size, have grown even bigger, circumventing antitrust laws; and they are being allowed to carry on pretty much as before. The Federal Reserve, rather than being called on the carpet, has been g

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The Wall Street Journal

Dow Jones Newswires' Meena Thiruvengadam reports on a man who has become a financial fortune teller for Tea Party activists and who predicts an evisceration of the American dream.

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CalculatedRiskBlog.com & EconomicPolicyJournal.com

New home sales fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. This is after yesterday's report of a 27.2% decline in sales of existing homes.

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Seeking Alpha / Gonzalo Lira

One day, when nothing much is going on in the markets, but general nervousness is running like a low-grade fever, there will be a commodities burp: A slight but sudden rise in the price of a necessary commodity, such as oil.

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AZcentral.com

Although having one of every 10 willing workers out of a job is a grim statistic, the figure is much higher when discouraged workers are included in the count. That brings the broader unemployment rate to nearly 1 in 5.

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