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Core Capital-Goods Orders Hold at a Record High Level
“New orders for core capital goods remained strong in December. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
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Inventory Accumulation Boosts Real GDP Growth in the Fourth Quarter
“Inventory accumulation boosted headline GDP growth while private domestic demand posted a modest gain. With continued pressure on prices, the Fed is moving to a tightening cycle, boosting the risk of a policy mistake.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Fell in the Latest Week
“Weekly initial claims for unemployment benefits fell back from a three-month high in the prior week and remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes
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Russia Closes Gulag Memorial, but Communist Oppression Must Not Be Forgotten
“Let us honor the Memorial International and its brave supporters. They helped force the rest of us to remember the evil that never seems to lurk far from men’s and women’s hearts.” ~ Doug Bandow
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Thomas Piketty Strikes Again
“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef
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The Year of the Strong Dollar
“The urgency to correct the country’s large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
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