Archive For: November 2014

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The Peter Pan Generation And America's Giant Savings Deficit

I stumbled across two mind blowing charts yesterday that had me pondering how generations of Americans had frittered their lives away, spending money they didn’t have on things they didn’t need, utilizing easy to acquire debt, and saving virtually nothing for their futures or a rainy day. We are a nation of Peter Pans who never grew up.

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The Roots Of "Big Government": Right-Wing Statism From Hamilton To The Neocons

Several times a week I force myself to be subjected to five minutes or so of neocon chatter by Rush Limbaugh, Marc Levin (“The Grate One”), Sean Hannity, or the FAUX News Channel morning show. Their bloviations are filled with extreme hypocrisy and delusional contradictions.

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Global Cooling Alert: Crude and Credit Are Warning Again

The mainstream commentary is limited by its colored view of “the recovery” and so, in terms of oil, it has to be supply. But empirical history more than suggests that demand is the primary focus of oil prices – outside of blatant “dollar” engineering....

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Why Japan's Money Printing Madness Matters

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As The "Sanctions War" Heats Up, Will Putin Play His ‘Gold Card’?

Putin is not a leader to be taken lightly and we should pay attention when he says it it his desire to end the ‘dictatorship of the dollar’, as he did just this week. [11] Perhaps he will indeed play the gold card he has hidden up his sleeve and thus kill two birds with one stone: shore up the rouble and Russian economy on the one hand; dethrone the dollar on the other. A period of international monetary and associated economic chaos might ensue, but with Russia suffering already under unwelcome sanctions and thus with relatively less to lose, Putin might calculate that now is the time to make his move.....

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The Abenomics Death Spiral

As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan's economy has much to teach us about the wisdom of those policies. And although the warning sirens are blasting at the highest volumes imaginable, few economists can hear the alarm....

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The People's Bank Of China: World Champion Money Printer

The incredibly ballooning balance sheet that no one can match (in one chart).

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Take Cover Now----They Don't Ring A Bell At The Top

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Why Washington's Fiscal Math Doesn't Work: 60% Of Households Get More Benefits Than They Pay In Taxes

That’s correct, the CBO study shows that the bottom three income quintiles representing 60% of US households are “net recipients” (they receive more in transfer payments than they pay in federal taxes......

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Kissinger To Obama: You Blew It Confronting Russia On The Ukraine----Admit It And Back Off

Speaking of Crimea’s accession to Russia, he noted that this is a special case, as Ukraine and Russia were one country for a long time. In his view, the West must recognize its mistakes......

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