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New census data show metro areas booming while Rural America empties out. The share of people living in rural areas over the past decade fell to 16%, from 20% and from 72% (yes, 72%) in 1910. Conversely, 51% of people…
Read MoreDebt Ceiling Debacle: In the foreign exchange (FX) market commodity-sensitive Australian and New Zealand dollars have hit record highs. Gold is also galloping upwards. There is also a strong desire to hold super safe Swiss Francs. Banks and money market…
Read MoreWith an NBA lockout a possibility some NBA players are threatening to play in Europe. Don’t believe them. Aside from legal issues there are physical worries: an injury suffered while playing in Europe could void a player’s NBA contract. Also,…
Read MoreThe Millennials (born ‘81 and ‘00) are the largest age group in the US, numbering 85 million or 28% of the total US population. By contrast, there are just 79 million Baby Boomers (26%), and 61 million Generation Xers representing…
Read MoreJune’s trade deficit swelled 18.8% to $49.9 billion, the highest since 10/08 and much worse than economists (what do they know) predicted. If annualized, the June deficit would be almost $600 billion. That data along with recent inventory data suggest…
Read MoreChildren Bicker, the small minded squabble. When these verbs are used to describe what Boehner, Reid or Obama do it’s implied that they’re arguing about trivia. NOT! They are adults with very different ideas trying to shape public policy as…
Read More30 years after deregulation most airlines lose money. While high fuel prices don’t help they have only played a role recently. The key factors are plummeting demand following 9/11 that left demand weaker in ’09 than it was in ’00…
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