The government is already in a soft default and is addicted to low interest rates: Government expenses at $3.87 trillion while receipts enter at $3.29 trillion.
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Items from Mr. Econocobas:
Charting Banzainomics: What The BOJ’s Shocking Announcement Really Means
GOP Senate Takeover Would Put Fed Under Microscope
U.S. Trade Deficit Widens in September; Exports At Five-Month Low
Petrodollars Leave World Markets for First Time in 18 Years
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