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Thinking Romney

The current furor over Romney’s activities whilst at Bain shows just how difficult it will be to get the economy back to solid growth. When all is said and done there are two very basic problems economic policy seeks to solve: making the economic pie larger so we are all better off, and then deciding […]

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Weak Sales

The economy has clearly hit a weak patch. Today’s report on retail sales has them falling 0.5% in June. Not only is this much worse than most people had expected – the par expectation seems to have been for growth of around 0.2% – but it means that sales have fallen for three straight months. […]

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Idle Thoughts

The shocking revelations about the banking industry are not shocking. It is a failed industry. It deserves to be known as a cesspit – a term used by a British regulator. The collapse of banking morality and the total absence of ethical standards within the largest banks is hardly news. But to see so many […]

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