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In the modern history of the US economy over the past seven decades, the longest period of time the country has gone without a recession was 10 years. Since the end of World War II there have been 11 recessions in the United States of America, so the average time
It’s official. The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79. That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close. Incredible. By the way, that debt growth amounts to roughly 7.5%
This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers. So the final crawl towards the probable nationalisation of Deutsche Bank came as no particular surprise this year, but it is
If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard of made a stunning announcement that has sweeping
When I saw the chart, the first thing I thought was, “hockey stick”. It’s flat on the left side, then suddenly soars up and to the right, indicating an abrupt and rapid rise in prices. Which chart am I talking about? Real estate prices, specifically in an uptown enclave of
I used to watch wrestling when I was a kid… I come from the age of Hulk Hogan, Ultimate Warrior, and Randy “Macho Man” Savage. Huddling close to the television each weekend, my friends and I would cheer for our favorite stars and their signature moves. My dad ruined it
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