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Economic Stagnation

I hate it when the headline writers try to be upbeat when the whole gist of the subsequent story is downbeat. The New York Times falls into that trap with today’s story about personal incomes: Census Reports Slight Increase in 2005 Incomes – New York Times Now if you look quickly at the headline you’d […]

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Fed Slowing Economy

Watch out everyone. The chances of recession have risen recently. Here’s the New York Times on the Fed minutes in which a slowdown was discussed: Fed Minutes Show Fears of Slowing Economy The odds of a recession next year sometime have increased. The biggest source of danger is the over-extension of bad mortgage loans by banks […]

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Rumsfeld is an Idiot

Dear old Rummy. Remember him? He’s the one who sent us into Iraq undermanned, underplanned, and underarmored. Well he’s re-emerged as the hit man for the Bush regime’s last gasp at making us all scared. He says that we shouldn’t appease the “Islamofascists”. The New York Times has his comments here: Rumsfeld Lashes Out at […]

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