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Single-family home construction picked up in September while an auto-production strike weighed on an already weak manufacturing sector. Erratic policy and elevated uncertainty continue to restrain activity and keep the economy vulnerable.
Capitalism, especially seen as a system conducive to hostile takeovers, does not need saving.
AIER’s Leading Indicators index fell in September but remains slightly above neutral. Risks to the economy are rising.
You are likely to see a lot more old people, and people dressed in business attire, using scooters soon. The advantages of fast and nearly free mobility in center cities are just too great to pass up.
Phillip W. Magness
The primary driver of Saez and Zucman’s claims about the tax rates on the wealthy do not reflect a regressive shift over time. They arise almost entirely out of unconventional and contested adjustments to their previous numbers.
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