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Monday, September 3, 2012

How to Get to Mars

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In the spirit of Labor Day weekend, and a well-deserved break from grim economic news, please consider "How to Get to Mars" Mike ...
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Asia Export Machine Cracks Wide Open: South Korea Production Falls at Fastest Rate in Eight Months; Taiwan Exports Deteriorate Sharply; Global Recession Call Revisited

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It's not just Chinese manufacturers that are struggling. It is also Japan, South Korea, and Taiwan. In other words, the Asian export mac...
Sunday, September 2, 2012

China New Export Orders Drop Most Since March 2009, Operating Conditions Down 10th Consecutive Month; China's Export Machine Grind to a Halt

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The HSBC China Manufacturing PMI™ shows Manufacturing sector operating conditions worsened at the sharpest rate in 41 months. Summary Augu...

Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve"

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Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in ...

Who Do You Blame for the Woes of the Middle-Class?

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The Pew Research center ponders The Lost Decade of the Middle Class . Since 2000, the middle class has shrunk in size, fallen backward in in...
Saturday, September 1, 2012

Harrisburg to Run Out of Money in October; Inside America's Most Indebted City; Labyrinth of Fraud

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Congratulations to Harrisburg, the capital of Pennsylvania, for having the highest per capita debt of any city in the country. The town'...

Foreclosure Stats From You Walk Away

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Here are some interesting stats courtesy of Jon Maddux, CEO of You Walk Away . State % of You Walk Away Clients With No Foreclosure Notice A...