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Something Went Wrong On The Way To The Future





In very raw terms, if a man wanted to buy a house and a car in 1975 he had to work just under five years to pay for them.

If he wants a house and a car today, he has to work almost 11 years...

 
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ECB Had 3 Accused Rate Manipulators In Crisis Focus Group





"They helped us understand what was going on beyond what you see on the screens."

 
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Weekend Reading: Will They, Or Won't They?





Will they, won't they, should they or shouldn't they? Those are the questions being hotly contested by the mainstream media on a daily basis. Of course, the reality is the Federal Reserve faces the huge obstacle of weak global growth and deflationary pressures which could very well keep them on hold well into 2016. The potential loss of credibility in the Fed by the markets could be the bigger issue to be concerned with. For now, we wait.

 
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EU Commissioner's Dire Warning: "The Only Alternative To Europe Is War"





While the saying goes "good fences make good neighbors," it appears the leadership of The EU is starting to get frustrated with the lack of acquiescence among some of the 'union's' newer or more marginal members. In a somewhat stunning statement, following ongoing and contentious meetings to discuss solutions to the migrant 'problem', EU Commissioner Timmermanns appeared to warn disagreeable member states, "There is an alternative to everything. I believe in EU cooperation because of all other forms in history have been tried to help Europeans get on better, and with the exception of this one, all other forms have led to war - so let's stick to this one."

 
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Will 92% Of Economists Be Wrong Again?





Should the Fed not hike rates on December 16, then we will know with certainty that over 90% of economists are unable to accurately forecast a simple yes/no event, which is due to take place in just over a month

 
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Never Forget





Presented with no comment...

 
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What's Wrong With This Picture?





Demand, Supply, or Outright Manipulation?

 
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It's Official: Barack Obama Wants To "Help" You Manage Your Retirement Savings





The Obama administration officially rolled out its MyRA program. MyRA is a special form of IRA that ‘helps’ Americans save for retirement by making it easy for you to loan your money to the federal government. Despite misleading promises that these MyRA accounts are for “people who aren’t saving and who have a fear of losing their principal," the big catch here is that there’s only one investment: US government bonds... So with these MyRA accounts, when adjusted for inflation, you’re guaranteed to lose money.

 
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Caught On Tape: Pollution 1 - 0 China





 
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Albert Edwards Explains Why The "Global Economy Will Be Thrown Into Chaos"





"It is already too late. Having delayed way beyond the point when it might typically have raised rates in previous cycles, it has allowed an Orc-like monster to incubate, hatch and emerge into the sunlight, snarling and ready to do battle."

 
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The Recessions Are Underway





 
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Ben Bernanke Exposes The Fed's Next 'Stimulus' Plan





Personally handing out money to each "deserving" citizen...

 
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GOP Hits 'Romney' Panic Button: Establishment Fears "Nominating Someone Unfit To Be President"





“We’re potentially careening down this road of nominating somebody who frankly isn’t fit to be president in terms of the basic ability and temperament to do the job,” this strategist said. “It’s not just that it could be somebody Hillary could destroy electorally, but what if Hillary hits a banana peel and this person becomes president?”

 
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What Happens When The "Ultimatum Game" Stakes Are Really High





The Ultimatum Game is a unique window into how humans actually make economic decisions and it is a distinctly opaque aperture.  The best we can probably do is to accept that context plays a far larger role in economics than classical models would suggest.  And don’t stare at someone or make angry faces if you want them to work with you. 

 
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