VAT:  The Folly of the National Sales Tax – Mises Daily by Eric M. Staib
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SECOND LOWEST PPI READING ON RECORD – This morning’s 5% decline in the year/year (y/y) Producer Price Index (PPI) was the second lowest reading in the history of the indicator (going back to 1948). – good commentary – Bespoke Investment [...]

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1.  Data May Signal U.S. Recovery – Oxford Analytica – Some risks remain, but the economy looks set for a fourth-quarter recovery – 4 opportunities and 2 risks – Forbes
2.  Dear Critics … Brian S. Wesbury and Robert Stein – The recovery is coming, really. – Forbes
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Richard Sandor: Economist shows the whole world how [...]

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Still Searching for a Bottom: A Mid-Year Economic Review – by Diane Swonk, Chief Economist, Mesirow Financial
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Commodity Prices:  Undeniable green shoots (2) – Scott Grannis – I return to this subject to clarify what I think is driving commodity prices.  … – Calafia Beach Pundit
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PIMCO: Fed to ‘engage again’ in Treasury buys [...]

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 18 Videos of the week – Video-o-rama: Higher bond yields raise caution – Posted by Prieur du Plessis – Investment Postcards from Cape Town

Baltic Dry Index – more than a snap-back rally  – Posted by Prieur du Plessis – The Baltic Dry Index – a measure of freight rates for iron ore and bulk [...]

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