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When 50-Something's Move In With Mom & Dad---That's When The Economy Is Really Broken

Moving back home with parents is not just for millennials. A large number of those aged 50 to 64 are moving back home, for economic reasons, not for providing care to aged parents.The LA Times reports Moving in with Parents Becomes More Common for the ...

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Rep. Ron Paul's Fabulous 2008 Speech On Disbanding NATO

Mr. Speaker, I rise in opposition to this resolution calling for the further expansion of NATO to the borders of Russia. NATO is an organization whose purpose ended with the end of its Warsaw Pact adversary.

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Chronicling The Fed's Follies: America's Housing Fiasco Is On You, Alan Greenspan

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Another Smoking Gun: Bifurcated Pattern of March Home Sales Could Only Reflect Monetary Central Planning Run Amuck

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America's Consumers Are Dropping, Not Shopping: McDonald's Posts Worst Q1 Same Store Comps In A Decade

McDonald’s latest results confirm that something is very much amiss on the consumer side. Total global revenue grew only 1% Y/Y, including new store launches and acquisitions. However, as has been the pattern since 2012, US comparable store sales lagged markedly. The rate of contraction in Q1 was actually the worst in more than a [...]

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The Fast Money Is Fleeing The Flash Housing Boom----So Its Now 3% Down And Muppet Fleecing Time All Over Again

Rather than allowing home prices to reset at a lower level after the 2008 crash where to normal buyers could afford a sane 20% mortgage, our central planners decided to do “whatever it takes” to re-inflate the housing bubble through Wall Street investment pools buying properties for all cash which quickly made home prices unaffordable. Next? Bring back subprime and get the peasants long real estate with essentially zero money down all over again...

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Ceteris Paribus---The Most Deadly Words Ever Spoken By Economic Math Modelers

It was the introduction of two Latin words that doomed the modern discipline of economics. As the mathematical modeling craze swept into what is now econometrics, the derivation of theories and, more importantly, the statistical “evidence” of those theories rested upon ceteris paribus – “with other things the same.” It is difficult to accept even [...]

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On Rackets---Military, Banking, Health Care, College Loans---And The Demolition Derby In America's Interior Cities

     The wonder is that more Americans are not ticked off about the state of our country than whatever is happening ten thousand miles away. For instance, how come the US Department of Justice is not as avid to prosecute the …

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Bravo To Glen Greenwald: The "Disgrace" Rep. Peter King Is You

A big round of well deserved applause for Glen Greenwald is in order for willing a Pulitzer Prize for public service...When asked about King's condemnation of the award, Greenwald said it was "an enormous badge of honor."

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Rudolf Havenstein Draghi Speaks: Debt Default Is Our Aim; Hidden Wage Depreciation Is Our Means

I always thought that Mario Draghi was a complete dunce on fundamental economics, but he has now sealed the case in his own words. The reason the ECB is about ready to unleash its own version of QE, it seems, is that "moar inflation" would facilitate a creeping default on euroland's massive public and private debts----an albatross that ranges from 350% to 500% of GDP for most of its member states....

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