Archive For: May 2014

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This Ain't Your Father's Keynesian Jalopy: Household Formation Rate Plunges To 30-Year Low

Recall that during the decade before the financial crisis new household formation averaged about 1.5 million per year, but has since dropped by two-thirds to about 500k. Its obviously all about student debt serfs who have moved back into mom and dad's basement and who flip hamburgers on weekends for enough change to get by on.....

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Here Comes QE In Financial Drag: Draghi's New ABCP Monetization Ploy

What they are really up to, however, is money-printing and snookering the German sound money camp. That is, the ECB is getting set to launch QE in financial drag by purchasing or discounting ABCP while loudly proclaiming that it's not "monetizing" any stinking sovereign debt!

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What Obama Actually Said At West Point: More Interventionist Tommyrot

The War Party is facing a dilemma: how to do an end run around the doggedly "isolationist" American people, who have had it up to here with the overseas adventurism of our out-of-control leaders? After a decade-plus of uninterrupted warfare, with a new intervention waxing on the horizon as soon as the previous one wanes, […]

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Battle Lines In The Fed Medicated Markets: Economists v. Bonds

By now the bond market is really starting to annoy all the “right” people. The bear flattening that has taken place since operational taper commenced is a direct contradiction to those that implore dismissal of recent GDP (after pleading quite the opposite during the inventory build last year). Mainstream, orthodox economists have settled that Q1 [...]

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Why Productivity Growth Is Faltering: Regulations Soaring; Enterprenuership Sinking

Three reports issued in recent weeks provide important, and worrisome, insight into the long-term health of the U.S. economy....

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Rogue White House Regime At Work: $300 Billion Price Tag, Drastic Jobs Losses And No Legal Authority For Draconian EPA Plan Congress Won't Approve

... consumers would have to pay an estimated $289 billion more for electricity and their disposable income would decrease by $586 billion, according to the report...but the proposed EPA regulations would reduce overall emissions by just 1.8 percent.....

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Taps For The War Party: What Obama Should Have Said At West Point

Putin’s Russia is not Stalin’s. Xi Jinping’s China is not Mao’s. The 20th century’s ideological struggles between communism, fascism and democracy that produced World War II and the Cold War are over. Quite naturally, old allies want to know why the United States is not out there on point, confronting their adversaries, as we once did. But the reality is that we are not threatened by Assad in Syria, or by whose flag flies over Crimea or Donetsk, or by who gets custody of the islets in the South or East China Sea.

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Why Republicans Are Useless In The Battle Against Crony Capitalism---Witness The Michigan GOP Sell-Out To The Restaurant Lobby

The Michigan Republican's craven maneuver wasn't about a few thousand votes; it was about tens of millions of campaign funds and the vast campaign resources of the restaurant industry. More specifically, the Michigan GOP threw free market principles to the wind because it did want the restaurant lobbies massive campaign resources diverted out of the GOP coffers and into a life-and-death fight against the Obama minimum wage referendum....

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Eight Obamacare Myths Refuted

For years, the administration has propagated myths about Obamacare. Some have already crumbled, and others will fall as Obamacare continues to disrupt the American health system....Here are eight myths that have already been refuted...

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Japan Monkey-Hammered By Abenomics: Goods Inflation Up 5.2%; Vehicle Sales Down 63%

Even the soothsayers and spin doctors expected a downdraft after Japan’s consumption tax was jacked up to 8% from 5%, effective April 1. But not this.

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