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Tag Archives: Recession

How NSA Mass Surveillance is Hurting the US Economy

We’ve written about this in the past. The most important industry in the USA, also the least regulated (go figure) is tech. Technology companies thrive on innovation and beating each other to market. Historically tech, based on the other side of the country from Washington DC, has been a fairly free market. There is a reason why the price of computing comes down every single month and the quality goes up. The power the average person holds in his or her hand when they glance down at their iPhone is well beyond what a computer the size of a city block could do a generation ago. This is because of a relatively free market and very limited government influence.

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Fed bubble deflating rapidly? Stocks, Bonds, Commodities Collapse

The Fed has signaled that it is trying to end QE and stock markets around the world are now writhing in agony (or the fear of coming agony). If the markets open tomorrow and we have an even bigger drop than today my bet is that Bernanke will come in with some form of methadone to calm things down, or try to.

“Step back from the ledge Mr. Market, I’ve got what you want.”

Overt Fed intervention has been behind the historic stock rally which started in 2009 from the beginning. This has made the big banks happy as they’ve been able to play with nearly free money.

But every time there has been any indication that the Fed wasn’t going to supply monetary drugs the markets have gone down and threatened suicide. We are seeing another round of this now.

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China Won’t Save the World Economy This Time.

The great hope for business leaders and those of the political sort was that China would pull the world out of the greatest economic downturn in 3 generations. This has failed to happen and is failing more with each passing day. China isn’t going to save the day. China has been built on a good amount of economic magic and it needs a correction desperately. It likely has one on its hands though this still is not the official consensus.

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