Archive for July, 2011

The US debt ceiling over the last 3 decades. You’ve got to be kidding me

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BAD: GDP Misses Estimates At 1.3%, Q1 Revised Down To Just 0.4%

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US Debt Crisis: Time to Think the Unthinkable on US Debt

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The sad, sad fate of Dodd-Frank by The Daily Show

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China blasts ‘dangerously irresponsible’ US politicians over debt ceiling negotiations, warns of catastrophic game of chicken

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The Debt Ceiling and America’s Stockholm Syndrome

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Europe has an immediate problem and its using bandaids; the US has a cancer coming and its quibbling over how to fight its cold.

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Hillary Clinton wants the United States back in the driving seat in pursuit of "genuine" free trade in the Asia Pacific region. The uncomfortable fact is that US export-oriented businesses are feeling the pinch as intra-Asian trade booms with China as the center of the wheel

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Einstein On Wall Street: A Time-Money Continuum — How to calculate the present value of future assets. Economists discount by an assumed interest rate. That works for periods of up to a century. But over five centuries it can produce results that are out by a factor of a million

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Default avoidance trick: There is limit paper currency that can be in circulation, but not for coinage. Treasury has the authority to issue platinum coins in any denomination. Treasury can create two $1 trillion coins, deposit them in its account and write checks on the proceeds.

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How the recovery in the United States compares with previous ones.

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It is not possible for the US to inflate away it’s debt

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U.S. Growth Falls to 1.2% in 2nd Quarter, Q1 Revised to 0.3%

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The evolution of generosity: Welcome, stranger — New model suggests that we develop a disposition for generosity towards strangers because there is a fair chance we will meet them again. Altruism wouldn’t make sense in a world of one-off encounters | The Economist

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Total Private Job Openings Per Million Dollars Corporate Profits (2000-2011)

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‪Gold: Independent Money

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The recession has been worse than we thought (and government stimulus programs were probably more effective than we knew).

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Apple has more cash on hand than the U.S.

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The 2009 NGDP shock keeps looking worser and worser

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The Ghost of Murray Rothbard Haunts The Economist

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