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More here: Another Definition of Deflation: Antal Fekete Defines Deflation as a "Pathological Slowing in the Velocity of Money"
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See more here: The Obama Doctrine; An Astonishingly Good Deal? "Only Rand Paul Could Do Worse" Says Senator Graham
View post: Autonomous Golf Green Mowing and the Death of Lawn Maintenance Employment in General
See the original article here: Thrown Under the Bus: Another Look at the Self-Serving Launch of Ben Bernanke’s Blog and…
Read More: Trade Deficit Shrinks; First Quarter GDP Estimate Ticks Up to 0.1%
Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines After six straight months of factory orders unexpectedly declining, economists apparently were finally convinced that bad weather would continue indefinitely. Factory orders rose, albeit barely, and last month was revised way lower, nonetheless it was amusing to see economists expectations were in the wrong direction for the seventh straight month.
More: Construction Spending Unexpectedly Declines; Good News For Economists!
Bloomberg reports Shanghai Traders Make Trillion-Yuan Stock Bet With Borrowed Cash . Shanghai traders now have more than 1 trillion yuan ($161 billion) of borrowed cash riding on the world’s highest-flying stock market.