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Los Angeles ponzitocracy

Today's Retail Sales Report was a Farce

Don't be fooled by today's reported +1.4% increase in Retail Sales, and how it was a "surprise" and "more than the expected" +0...
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GDP: 3.5% "Growth" ???

There were a lot of things wrong with yesterday's GDP report (as usual). The BEA only subtracted -$17.9 billion for the change in trade deficit...
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Employment: Bad Report Even Worse Than It Appears

Despite the Corporate media's overly optimistic and distorted reporting of today's employment report, the news was not good at all. The economy...
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Health Care Reform Legislation: A 1,000 Page Complete Disaster

As a physician, I feel obligated to comment on health care reform, as well as the current health care bill in Congress. Unlike other areas of the...
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It's Time to Stop the Bank Bailouts

It's becoming clear that giving trillions of taxpayers' dollars to rich bankers and financiers has donelittle to help the real economy. The...
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The Collapse of US Manufacturing & Industrial Production

US manufacturing and industrial production continues to collapse, falling another -0.4% in June. This follows a downwardly revised -1.2% decline in...
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The American Ponzitocracy

The theories behind this administration's economic policy are no different than the last one's. The same old nonsense of money-at-the-top-creates...
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