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ISM Surveys Suggest Diverging Paths
The ISM’s nonmanufacturing index rebounded in August, countering the weak results from the manufacturing report. However, erratic and unpredictable policies are keeping risks elevated.
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What Martin Luther Can Teach Us About Bitcoin
Bitcoin maximalists who think the first application of blockchain technology will always be the best do not have history on their side.
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Let Them Eat Lobsters
No one knows for sure when or how this will end. But in the meantime, trade warriors in the White House can at least adapt the words of Marie-Antoinette: let them eat lobsters.
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What’s the Right Inflation Rate?
There is nothing magical about a 2% inflation target. Recognizing that is a much-needed first step toward better Fed policy.
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