They would have you believe that the U.S. economy is recovering and strengthening. Actually, the dollar is strengthening because everyone else is debasing their currency faster than we are; however, it’s all downhill. The Fed Induced Farce. Link sent in by J.Q.
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The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low
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Items from Professor Preponomics:
Barclays to Pay $150M More to Regulator in Forex Probe (Reuters)
Citrix to Restructure: 1,000 Pink Slips Coming (Triangle Business Journal)
Los Angeles and the Crisis of Homelessness (Los Angeles Times)
Chinese Paddy Wagons Pick Up King of IPOs Under Arrest (Contra Corner)
Obama Offers Ships and Millions in Aid to Asian Nations (Washington Examiner)
Outrageous! $1B to Post One Online Form to Immigration Site (The Fiscal Times) Hint: the cost is likely to be 3x greater when the project is completed.
Two Clintons. 41 Years. $3 Billion. (Washington Post)
GSEs Should Spread the Risk and Share the Profits (Citizens Against Government Waste)
More Senior Government Execs Raked In Higher Bonuses YOY (The Fiscal Times)