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Housing, raw jobs data, and NIA 2010 recap
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Why Can’t Europe Avoid Another Crisis? Why Can’t the U.S.?
Most experienced watchers of the eurozone are expecting another serious crisis to break out in early 2011. This projected crisis is tied to the rollover funding needs of weaker eurozone governments, i.e., debts falling due in March through May, and therefore seems much more predictable than what happened to Greece or Ireland in 2010. The [...]
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Observations
Richard Russell December 27, 2010 – I have posted below the year-end price of gold starting with the year 2000, the first up-year of one of the greatest and least appreciated bull markets in history. Take in this series, you may never see its like again. 2000 – $273.60 2001 – $279.00 2002 – $348.20 [...]
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Fed Can’t Prop Up Stock Market Forever
Greg Hunter From the very beginning of QE2, it was no secret the Federal Reserve wanted the stock market to rise. The Fed got its wish. Many people see the stock market increase of nearly 20% in a few short months as a sign things are turning around. The turnaround is really a mirage of [...]
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Ultimate Cost of 0% Money
Jim Willie CB Since the early 1990 decade, the nation’s maestros have promulgated the notion that cheap money is a beneficial factor for the sustenance of wealth, for economic development, for the standard of living, for the robust industries, in general for the American society. Nothing could be further from the truth, but even today [...]
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The Lull Before The Storm: What’s Coming in 2011
Gonzalo Lira This week – what with Christmas on one end and the new year’s celebration on the other, and everthing in between covered in snow – nothing much is gonna happen: It’s a week that’s about as dead as Dillinger. So I figured I should take stock of where we are – and more [...]
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What Kind Of Mood Are The American People In As We Enter 2011?
The American Dream Friday, December 31, 2010 Around the end of the year a ton of polls and surveys get taken. Media organizations love to get a “snapshot” of how the American people are feeling as the new year begins. So what kind of mood are the American people in as we enter 2011? Well, [...]
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2011
Paul Craig Roberts “Dissent is what rescues democracy from a quiet death behind closed doors.” – Lewis H. Lapham The year 2011 will bring Americans a larger and more intrusive police state, more unemployment and home foreclosures, no economic recovery, more disregard by the U.S. government of U.S. law, international law, the Constitution, and truth, [...]
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The Faults of Fractional-Reserve Banking
Thorsten Polleit In a November 1, 2010, blog post titled “Could the World Go Back to the Gold Standard?,” Martin Wolf, the Financial Times chief economics commentator, comes to the conclusion that “we cannot and will not go back to the gold standard.” Among a number of mainstream-economics arguments leveled against the desirability and feasibility [...]
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