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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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The Absurdity of it All

It’s unavoidable. It’s inevitable. It was reckless. The burden was just too great. We promised too much. It’s the freeloaders. We can’t afford it anymore. The debt is crippling. If not now for our children. It was the government and those moral sapping social programs. Somehow it’s always the government. The absurdity is that these […]

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