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Economy - Economics USA

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http://chrisinmaryville.net/

Bloomberg has reported that the US Consumer Financial Protection Bureau is considering taking a role in managing the $19.4 Trillion in American’s retirement US Consumer Financial Protection Bureau. Yes, you read that correctly, the government agency

News Link • Global Reported By Chris Menke
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New York Times

The federal government helped bring the economic recovery to a virtual halt late last year as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to stimulate growth.

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Lew Rockwell blog

If you have to tell people not to panic, you've already lost half the battle. According to the feds, the US GDP shrank 0.1% (annualized) in Q4. These are preliminary figures, of course, and recent revisions have been mostly down.

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youtube (h/t Lew Rockwell blog)

Congress does not get its financial house in order by the new deadline in mid-May 2013, John Williams of Shadowstats.com contends, "It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit

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ABC News (video)

Paying by credit card could get more expensive. Under the terms of a $7.2 billion settlement between credit card companies and merchants, merchants will be free to impose a surcharge on customers paying by credit card.

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http://chrisinmaryville.net/

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit. The answer shouldn’t surprise

News Link • Global Reported By Chris Menke
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