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The True Cost of War 27 Aug 2013 | 06:45 pm
The U.S. announced it could launch air strikes against Syria as early as Thursday. That's because the U.S. believes the Syrian government used chemical weapons on its rebels, killing 1,000 men, women ...
Congress Has Six Weeks to Avoid Debt Ceiling Crisis 27 Aug 2013 | 05:22 pm
On Monday, Treasury Secretary Jack Lew gave Congress until the middle of October to raise the U.S. debt ceiling, or risk a possible debt default. This means that the rate of currently authorized spend...
Durable Goods Down 7.6%, Signaling Economic Soft Spot 26 Aug 2013 | 05:06 pm
Business orders for aircraft, machinery and equipment fell 7.9% in July, adding up to just $226.6 billion. This was largely driven by a 52.3% drop in orders for commercial aircraft. However, even wh...
Will You Get "Slammed" by Obamacare? 23 Aug 2013 | 05:11 pm
A reader writes: I am scared to death of Obamacare and what it means to me and my family. So far, the promise of lower premiums is not happening in my state because of lack of competition. I expect t...
Why Is the Bond Market Crashing? 22 Aug 2013 | 01:50 pm
A reader asks: Are you able to explain why the bond market is crashing right now? Why is it that rates are rising all of a sudden? Is this expected or could this end badly? What happens as a result? ...
Who Would You Pick as Fed Chair? 21 Aug 2013 | 03:49 pm
This fall, President Obama will pick a new Federal Reserve Chairman. The current Chair, Ben Bernanke, has already indicated he would like to return to academia when his term expires in January 2014. T...
Lift the Debt Ceiling or Cut Spending? 20 Aug 2013 | 07:06 pm
A reader asks: Economists, such as Paul Krugman, argue the US Government and Federal Reserve should initiate further stimulus, acquiring more debt / widening the monetary base, to bring the economy o...
Healthcare Costs Down -- Thanks to Obamacare? 15 Aug 2013 | 09:38 pm
Here's something you probably thought you'd never see. The costs for medical care commodities, like medications, medical equipment and supplies, are .1% lower than last year. Medical care services ros...
Does Obamacare Destroy Full-time Jobs? 14 Aug 2013 | 01:50 pm
A reader asks: "I saw that 90% of new jobs were due to part time jobs. Isn't that corporations getting ready for Obamacare? That's not going to help the economy, is it?" ... Read Full Post
Why Retail Sales Will Improve in the Next Six Months 13 Aug 2013 | 08:09 pm
Retail sales reached $424.5 billion in July, rising just .2% after increasing .4% in June. Investors, who were upset about June's report, were happy about the July report. Why, since it was worse? Bec...
