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Monthly Archives: December 2012
Loan demand drys up as Fed “liquidity” sits dormant
More Sturm und Drang from the US Fed today as they promise yet another “stimulus” rabbit out of an increasingly threadbare hat. The truth is that indefinite liquidity efforts are not helping the US economy because cash is already piled … Continue reading
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Shilling: fiscal cliff deal won’t revive economy
Even if a deal is ultimately reached on the fiscal cliff, Shilling says the U.S. economy will continue to grow slowly. “We’re only about halfway through” the usual decade-long deleveraging after a major financial crisis, he notes. Here is a … Continue reading
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Social Security is best funded government program
Want social benefits? Fund them. The secret of paying for benefit programs is to control costs and set aside regular, mathematically sufficient, designated contributions from present income for future payouts. If you cannot meet the funding requirements, the benefit promises … Continue reading
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