Economy
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The Japanese stock market has closed down about 42% for the year. The US markets may do a little better…
John Tamny RealClearMarkets As the year 1970 drew to a close, some of President Richard Nixon’s top economic advisors were…
The global economy has not contracted since 1947. But, an HSBC economist believes that it will happen again in 2009.…
It was hard to get excited about a half-day of the markets already, and the poor economic data only exacerbated…
Orders for U.S.-made durable goods fell 1% in November, the Commerce Department estimated Wednesday, as orders for transportation goods fell…
The U.S. labor market has gotten worse in the last month, with unemployment hitting the worst levels since 1982, the…
From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into…
The final revision for Q3 GDP is still indicative of a recession. The NBER already declared a recession was in…
The number of bailouts is becoming so large that new ones are hardly worth mentioning, But, when the lead story…
"That’s nothing." Percy had leaned forward and dropped his voice to a low whisper. "That’s nothing at all. My father…
It used to be that $1 trillion seemed like a lot of money. Now the Obama administration-to-be says that it…
Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of…
The new administration will ask Congress for close to $800 billion to stimulate the economy and get America back on…
The process of cities going bankrupt has already begun. One of Michigan’s largest cities, Flint, is already in receivership. The…
F. Scott Fitzgerald was right. One chance and one chance only. The Fed took its last step by cutting rates…
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