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Economy - Economics USA

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AP

The US economy grew at an annual rate of 1.8% in the first 3 months of the year, significantly slower than first thought. The steep revision occurred because consumers spent less than estimated, a sign that higher taxes are dampening growth.

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http://chrisinmaryville.net/

The day that silver traders have been waiting for has arrived. On Wednesday, the price of silver dropped another 5 percent. As I write this, it is sitting at $18.55 an ounce. On Wednesday it hit a low that had not been seen in three years. Overal

News Link • Global Reported By Chris Menke
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http://chrisinmaryville.net/

The wealth gap is a serious problem. The richest 20 percent of Americans now own 80 percent of the country’s wealth. Over the past three decades, the average American has seen his income either fall or remain flat. Over the same period, the top 20 pe

News Link • Global Reported By Chris Menke
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The Daily Bell

"All due respect, you got no f----g idea what it's like to be Number One. Every decision you make affects every facet of every other f-----g thing. It's too much to deal with almost." – Tony Soprano

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Washington Post

U.S. stocks stumbled again Monday, extending losses that some market analysts fear may accelerate this month as investors adjust to expectations that the Federal Reserve could soon begin scaling back its bond-buying program.

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arclein

The official poverty statistic comes from a measure that was created in the mid--well, early 1960s. And it was really put together quickly, and it was kind of considered a placeholder, just 'cause the federal government wanted to have some way to me

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zerohedge.com

Based on Credit-Suisse's Panic-Euphoria model of risk appetite, US bond markets are on the verge of the short-term capitulative "Panic" mode.

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http://chrisinmaryville.net/

Investment banker Catherine Austin Fitts sums up the historic global financial problems by saying, “We have a group of people who have the power to act with impunity. They are above the law. They are centralizing and consolidating economic and polit

News Link • Global Reported By Chris Menke
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Washington Post

After two years of harrowing confrontations in Washington, the national debt is no longer growing out of control and policymakers from President Obama to House Speaker John A. Boehner (R-Ohio) have rushed to take credit.

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zerohedge.com

Here is a simple way to test if the last year of housing market gains have been due to a real, fundamental, consumer-led recovery, or nothing but the latest iteration of the Fed's money bubble machine manifesting itself in the place of least du jour

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zerohedge.com

Those who recall about the implicit housing subsidy we discussed when we coined the term "foreclosure stuffing" which is merely the well-planned systemic bottleneck to clearing foreclosed properties already in the system,

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