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Fiscal Policy’s Unintended Economic Consequences

August 31, 2010

On September 20, 2010, the National Bureau of Economic Research (NBER) announced that the Great Recession that began in December 2007 officially ended in June 2009. The NBER based its analysis on a number of factors, which concluded that a trough in business activity occurred in June, marking the beginning of an economic expansion. The […]

Inflation Around the Bend?

May 31, 2009

Over the next decade, in the aftermath of the current bear market, investors will ultimately need to make the right call regarding inflation or its antipode, deflation. Despite near-term deflation risks, the overwhelming consensus view is that sooner or later inflation will inevitably return. This view seems to rely on two general propositions. First, the […]

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