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Rush to snap up cheap TVs on Black Friday pushes up retail sales at strongest pace in a decade...
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Will we ever tire of navigating the multiple layers of intermediaries between the customer and the provider, while corporate profits soar to unprecedented heights?
If we had to summarize what's wrong with Corporate America and the entire U.S. economy, we can start with all the intermediaries between the provider and the customer.  There are a...
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The 'cyclically-adjusted current budget' proposal was meant as a trap for the Labour Party, but has backfired on the Chancellor...
Monday, 15 December 2014 |

What Choice Do We Have?

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The bottom line for the vast majority of us is that there is an extremely high price to be paid for independence from fealty to the State or Corporate America.
It's jolly good fun to discuss alternatives to the doomed status quo, but what choice do most of us have to participating in the current system, even if we loathe it?  The lack of...
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Davos is often described as a bellwether of the major geopolitical issues for the year ahead, but anyone looking to the forum's constellation of stars for a glimpse of the future is likely to be disappointed...
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Dear Reader,

I wrote a few weeks ago on history being edited by people in power. This week’s article illustrates another case where inconvenient facts don’t survive in our history textbooks. You might think that the most passionately held political thoughts of Thomas Jefferson—the author of the US Declaration of Independence, no less—would be a not...

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The drop in oil revenues has triggered a self-reinforcing feedback dynamic.
Oil is not just something that is refined into fuel--it is capital, collateral, debt and risk.  In other words, it is intrinsically  financial . As I noted in  The Oil-Drenched Black Swan, Part 2: The Financialization of Oil , oil has been financialized to...
Friday, 12 December 2014 |

The Roundup for December 11th, 2014

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Hey there folks, how are you? It’s been 14 years since Bush v. Gore

International Politics

Overall

- Germany announced it would send 100 troops to the Kurdish region of Iraq to train those fighters against the Islamic State; NATO, meanwhile, said they will review Iraq’s request to improve their military

- An Iranian official called for...

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In This Issue.

*  Norges Bank cuts rates. *  RBNZ leaves OCR unchanged. *  Russian hikes rates 100 Basis Points! *  Retail Sales today.

And Now. Today's A Pfennig For Your Thoughts.

Thursday. Central Bank Meeting Day.

Good Day!...  And a Tub Thumpin' Thursday to you! The Beatles song: Penny Lane, greets me this morning. Always a good day...

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