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Are Utopian Dreams Going Pop?

That sound you hear is my muffled shout of exasperation. There are signs, few but significant, that the penny is slowly dropping. Our economy has been driven onto the rocks, where it remains firmly stuck. Some of us have been talking ourselves hoarse about this for what feels like a lifetime. Others have blithely gone […]

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Republican Collapse?

Never say never. But I have never seen anything quite like this. The Republican leadership is in disarray over the debt ceiling limit issue and the related deficit cutting exercise. Today’s events have been extraordinary. They reveal the GOP not only to be deeply divided – to the extent that they cannot hold together on […]

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US Trade Gap Worsens: Oil. What’s New?

Today’s trade report is not good. The gap between imports and exports rose to $50.2 billion in May. That’s a 15% jump. By itself that suggests that trade will have a negative impact on GDP when the final numbers are put together. Then again maybe not. Most of that negative shift in May came from […]

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