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Economy - Economics USA

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Ritholtz.com

“Now the policy cupboard is bare, and “we can see what the emperor looks like disrobed. It’s not a pretty picture.”The economy, Dave goes on, is in a very fragile state. Which isn’t all that surprising since it still bears the scars of the credit...

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OfTwoMinds.com/blog

Does anyone seriously believe this rally is based on fundamental strengths in the U.S. and global economy? Uh, sure. Let's be honest, the whole thing reeks of massive goosing by proxies with the goal being perception management.

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Reuters

Minnesota lost its top credit rating on Thursday as Fitch Ratings downgraded the state's general obligation bonds one notch to AA-plus, citing the budget impasse. Minnesota's state government has been shut since last Friday, when Democratic Govern

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youtube (h/t Lew Rockwell blog)

Jun 23 2011 MSNBC The Dylan Ratigan Show -- Former CBO director David Stockman and panel talks about the Federals Reserve's acknowledgment of disappointing growth, higher inflation and a weakening labor market.

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arclein

zz right now about inflation but also talk of renewed stagnation with the Fed’s QE2 program having ended in June. Could renewed stagnation trigger enough deflation to counter inflation? Or might we get the worst of both worlds—stagflation—as in the 1

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If the Great Depression teaches us anything, it is that government spending does not create wealth and does not create economic growth. Both Presidents Herbert Hoover and Franklin Roosevelt followed the recommendation of John Maynard Keynes, a very

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