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By Paul B. Farrell, MarketWatch
The “Dr. Boom” scenario: America is about to “unleash a spending spree. Years of self-denial give way to pent-up demand,” predicts UBS economist Maury Harris in USA Today’s bold lead story. His clue? Consumer sentiment: “Harris estimates that in the next five years, catch-up consumption will boost annual consumer spending growth by a half point to above 3% from about 2%.” Reassuring? No, wishful thinking. Be [...] They were not killed but kidnapped. See Jim Stone’s websitehttp://www.jimstonefreelance.com/ Slowly circling back to the story of the decline and fall of the American empire… The Twilight Of Investment (June 20, 2012) Gary Anderson Glass-Steagall worked for decades, as bankers were not allowed to take deposits and make risky bets with them. Risk can take two forms. It can be a bet on a less certain outcome, or a fairly safe bet levered up with funds from the Fed or who knows where. Apparently Jamie Dimon made a relatively safe bet on interest spreads, levered up, so that if anything went [...] Gawker announced today that it has scored the Holy Grail of media hires — a current employee at Fox News.
The anonymous columnist, dubbed “Fox Mole,” posted his/her first piece today, complete with a behind-the-scenes video of Republican presidential frontrunner Mitt Romney and Fox News host Sean Hannity chitchatting before an interview for the Hannity Vegas Forum in February. The video starts off with some friendly small talk about Romney’s horseback riding habits. The candidate tells [...] Hoard of cash is bigger than U.S. Treasury’s operating cash balance Enough to buy many technology companies outright Apple is to shed light on a mystery that has puzzled the worlds of technology and business for months – what the world’s richest company intends to do with [...] By Ezra Klein (YURI GRIPAS – REUTERS) We don’t yet know what the final deal to raise the debt ceiling will be. But now that Harry Reid is developing a proposal with $2.7 trillion in cuts and nothing in revenues, it’s a safe bet that it won’t include any tax increases. Which means that whether Republicans realize it or not, they’ve won. The question now is [...] By Peter Raymond Determining when the next great liquidation will occur is impossible to predict with any degree of certainty; nevertheless it is fair to say the sooner the better. Economic liquidation is a restorative process that corrects the harm done by inflationary policies. If accepting of this premise, then liquidations or deflationary depressions cannot be considered the disease in need of cure which unfortunately has [...] By Joe Pompeo If you were the executive editor of one of the world’s most prestigious and widely read newspapers, how would you justify billing a reader for a print version that he’s no longer reading? It’s probably a safe bet that New York Times executive editor Bill Keller never thought he’d have to make a direct pitch to such a reader who’s become disenchanted with the experience [...] |
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