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Gathering Clouds – Poverty, Banking, and Debt Limits

This is a once in a lifetime moment. Fortunately. None of us want to live through a repeat of the turmoil currently roiling the world economy. With that portentous statement out of the way, let’s consider the chaos around us. Last Friday we read a breathless article in the New York Times pointing out that […]

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Weak Jobs Gain

There is not much to say about today’s unemployment and jobs reports. In way the data contains slightly contradictory stories. This is because there are two sources for the information we lump together in the report: the survey of business and the survey of households. The two sometimes diverge in their narrative. Perhaps now is […]

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Business Taxes, Or the Lack Thereof

There is an alternative universe somewhere in which America’s biggest businesses actually pay taxes. I know, I know, I am being idealistic. Well some of them do, even here on earth – blessed be Monsanto! Last year anyway. But many don’t. Indeed many seem to be able to collect refunds of grotesque proportions. Ask most […]

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