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US Budget Deficit Creeps Up

The BBC reports that the US budget deficit rose unexpectedly in May. Here’s their report: US budget deficit higher in May There are some “technical” factors making the increase temporary: the medium term outlook is still for a slight improvement for the current fiscal year. We shouldn’t get excited though. The very existence of a […]

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Housing Prices Still Overheating

A study just released here: Global Insight: 1st Qtr. Housing Report shows that the amount of housing in America that is overpriced markets is rising, rather than falling. This is despite the softening of house prices. Typically home prices fall by about half the level of overvaluation, and the adjustment takes around three years. So […]

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NSA Gets Worse

It is a sad day when the government of the “Land of the Free” argues that a judge should drop a case because to continue will harm the security of the country. The evidence that the nation’s security is at risk? Well that’s secret, so the government says the court should just take it on […]

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