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See the original post: Durable Goods Orders Plunge 7.3%, Nondefense New Orders for Capital Goods Plunge 15.4%; Plunge to Accelerate?
In Human Versus Physical Capital Krugman stated … So the story has totally shifted; if you want to understand what’s happening to income distribution in the 21st century economy, you need to stop talking so much about skills, and start talking much more about profits and who owns the capital.
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Diversion from Down Under Posted by Michael Shedlock at 9:01 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
Defeated NATO Dangerously Desperate in Syria Did the West Gas Thousands to Rescue Failed Syrian War? August 25, 2013 – (Tony Cartalucci) As far back as 2007, it was a documented fact that the West, including the United States and its allies Saudi Arabia and Israel, conspired to use terrorists drawn from the ranks of the Muslim Brotherhood and Al Qaeda in an attempt to overthrow the governments of Iran and Syria. Pulitzer Prize-winning journalist Seymour Hersh in his 2007 New Yorker article, " The Redirection ," stated (emphasis added): "To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has coöperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran
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To prick the sides of my intent, but only Vaulting ambition, which overleaps itself And falls on the other. – Macbeth by William Shakespeare China does Macbeth. With a slight Hollywood tweak.