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Some Argue Fiscal Cliff May Not Be All That Scary

Originally published at Capital Gains and Games. Remember the “fiscal cliff” that everyone from Federal Reserve Board Chairman Ben Bernanke to analysts of every political stripe to media pundits have been talking about so incessantly in recent weeks as something that...

Dimon Testifies - and the People Have a Few Questions

Wednesday is the day that JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee. He was called before the Committee (I believe the term is "invited") after it was disclosed that his bank lost billions of dollars in reckless and unregulated...

The Hard Cash Costs Of The Mental Recession

We give a hat tip to Paul Krugman for recalling the infamous 2008 statement by Phil Gramm, then-presidential candidate John McCain's top economic advisor, that what Krugman is now calling the "lesser Depression" was really nothing more than a figment of our...

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