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Monthly Archives: December 2012

Brazil Doubles Gold Reserves In Last 3 Months

With precious metal prices echoing 2011’s year-end plunge, it is perhaps worthwhile considering the bigger picture. To wit, Central banks in emerging markets have increased their purchases of gold in […]

NFIB Small Business Outlook Drops To Record Low

While Europe’s confidence-inspired rally is floating all global boats in some magical unicorn-inspired way, the reality is that on the ground in the US, things have never looked worse. The NFIB […]

America’s Negative Real Wage Growth

Regular readers are aware that one of our favorite data series when it comes to demonstrating the quality aspect of the American “recovery” (the quantity is sufficiently taken care of with part-time workers filling […]

12/09/12 News Letter

  Chart courtesy of Stone McCarthy.   The chart shows, without a doubt, that the Fed is now the sole monopolist of Treasury demand expressed in mid-modified duration- i.e., the […]

America’s stunning entitlements explosion

AEI scholar Nick Eberstadt’s latest book, A Nation of Takers, provides a sobering analysis of the entitlements explosion and its effect on the American economy and culture. It’s a reminder that […]

The Monetization Of America

Via Mark J. Grant, author of Out of the Box, In the piece I wrote over the weekend and subsequently published as an “Out of the Box” yesterday I touched […]