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Economic and and financial news and analysis

Is The Economic Recovery Finally Here?

Call it the passive-aggressive economy. When Congress pumped billions of dollars of stimulus spending into the economy, it sputtered and wheezed like a patient having a heart attack. Now that Congress is raising taxes and cutting back on stimulus measures, the economy seems more resilient than expected. For President Barack Obama, it could mean a…

A Note of Gratitude and a Few Things About New Media – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The New Media experiment here at oftwominds.com continues, and as always I have readers to thank for the inspiration, ideas and encouragement to continue jousting at windmills. I rarely write about myself or the blog because to…

The Currency Wars: Now US Automakers Are Squealing – Wolf Richter- Testosterone Pit

Japan’s Liberal Democratic Party went all out late last year to re-grab the power it had held for 50 years before getting booted out in 2009. Its platform: print and borrow with utter abandon to create asset bubbles and inflation, and to weaken the yen. It even threatened to wrest control over the printing press…

Flash: House GOP decides to vote to raise debt limit; move fight to sequestration…

http://news.yahoo.com/gop-official-house-vote-lift-debt-limit-175438435–finance.html WASHINGTON (AP) — A Republican official says the GOP-controlled House will vote next week to permit the government to borrow more money to meets its obligations. Full details aren’t settled yet, but the move is aimed at giving the government about three more months of borrowing authority beyond a deadline expected to hit as…