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Housing Plods Along

Anyone looking for an imminent boom will be disappointed. The rest of us will be just fine. That’s the way I look at today’s housing data from the Commerce Department. The report shows housing starts rising 0.8% in February to an annual rate of 917,000, which is pretty much in line with expectations and keeps […]

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Cash Rich Big Business

You’re too busy to notice, so let me draw your attention to an interesting fact: the cash pile that corporate America is sitting on grew by 10% last year. It is now $1,450 billion. An all time record. This is according to Moody’s the big rating service. And you thought these were hard times! Corporate […]

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