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What Ended the Great Depression? |
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Written by Comstock Partners
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Thursday, 11 March 2010 |
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Question from a reader-"I'm confused about a question that rests at the heart of efforts to revive the economy. What ended the great depression? Was it the war, war spending, or some other mechanism? I think I've taught, and I easily accepted that it was the war spending along with the 'full employment' of labor that cracked the downward spiral of the 1930's. I just can't imagine that all the wasted resources paid for with war debt during the war.could have had less of an effect on the nation's economic future than the spending now necessary to create jobs, provide healthcare, and rebuild the infrastructure of the nation."
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Written by Leo Kolivakis
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Thursday, 11 March 2010 |
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 Kenneth Lovett of the New York Daily News reports that Hevesi official David Loglisci pleads guilty in pension fund scandal, agrees to sing to Cuomo:
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Last Updated on Thursday, 11 March 2010 |
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Get ready for a little EM inflation |
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Written by Rebecca Wilder
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Thursday, 11 March 2010 |
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This is something that I wrote over at Angry Bear
Today I was thinking about tightening cycles in emerging markets; and more specifically, about that in China. Because let’s face it, China matters. China matters to the rest of Asia via competition for export income. China matters to Europe via competition for jobs. China matters to Brazil via domestic production via imports. China matters.
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Last Updated on Thursday, 11 March 2010 |
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Unlocking the Jobs Dilemma |
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Written by John Browne
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Wednesday, 10 March 2010 |
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Productive, private-sector jobs – the lifeblood of a sound economy – are under assault by politicians in the United States and Western Europe, who have unwittingly taken a number of steps that make future job losses a foregone conclusion.
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Tidal Wave of European Bailouts to Test EMU |
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Written by Eric Roseman
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Thursday, 11 March 2010 |
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Mohamed El-Erian, PIMCO's co-CEO and probably one of the best credit gurus in the United States, believes the global economy will struggle because of the ongoing deterioration in public finances. Though the next credit shock might be a few years away following the dark days of 2007-2009, governments will face the Piper again amid a flood of issuance to finance out-of-control deficits and rising long-term interest rates.
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A perennial bear turns sanguine |
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Written by Cam Hui
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Thursday, 11 March 2010 |
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I shudder whenever someone proclaims that we are entering a New Era, or this time it’s different. There are certain things in life that I have come to depend on, such as a bearish Stephen Roach, the chairman of Morgan Stanley Asia and former global strategist. His writing used to be so depressing that you had to read King Lear to cheer up. He was such a perennial bear that I used to joke with my Morgan Stanley sales contact that Morgan Stanley needed to throw a huge party when he turned bullish.
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Last Updated on Thursday, 11 March 2010 |
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A Bull Market Requires a Healthy Consumer Underneath |
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Written by Michael Pento
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Wednesday, 10 March 2010 |
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A year ago this week the stock market hit its nefarious 666 level on the S&P 500. Since that historic day, we have enjoyed a 68% appreciation in equities from their depressionary low. Not only has the bounce caused a chorus of perma-bulls to claim the worst of the recession is behind us, but also to declare that the bull market is here to stay.
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"Rawls on Marx; December 1973" |
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Written by Mark Thoma
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Wednesday, 10 March 2010 |
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Daniel Little shares his notes:
Rawls on Marx; December 1973, by Daniel Little: John Rawls taught a course on the history of political philosophy throughout much of his career at Harvard University. The course contained his description and analysis of the most important figures in modern political philosophy, including Mill, Locke, Rousseau, Kant, and Marx.
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