Submitted by CARPE DIEM

BOMBAY — The Taj Mahal and other top tourist sites in India are refusing to accept dollars to pay for admission, dealing another blow to the prestige of the weakened American currency. Entry tickets to the world famous Mughal tomb in Agra and about 120 sites run by the Archaeological Survey of […]

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Submitted by CARPE DIEM

Check out the revolutionary “Milton Friedman Choir.”
Visit 1800blogger to see all of our industry leading blogs.

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Submitted by CARPE DIEM

6 reasons the U.S. economy is not going into a recession:
1. New Mexico’s jobless rate fell to an historical record low of 3.1% in October (see chart above, click to enlarge), according to state labor market data released today by the BLS. October’s rate of 3.1% was almost 3.8% below New Mexico’s […]

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Submitted by CARPE DIEM

Let’s put the “hamburger-flipping jobs” myth to rest.
Lou Dobbs: Washington is beginning to make the connection between a record trade deficit and the loss of millions of American manufacturing jobs. Since July 2000, 2.7 million manufacturing jobs have been lost as the result of layoffs and outsourcing of work to cheap foreign […]

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Submitted by A Dash of Insight
One of our missions at “A Dash” is helping investors find their way through the maze of online information. In particular, it is often the case that a little knowledge can be a dangerous thing.
Mainstream media sources now have blogs. There are differing standards — both editorial and […]

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Submitted by Name of Site
The nation borrowed from the rest-of-the-world when interest rates were low. But interest rates can adjust. So can exchange rates. What to think of our creditors re-appraisal of the “right” effective interest rate to lend to us?

Figure 1: Broad, trade-weighted value of the dollar. Source: Federal Reserve Board via FRED II. […]

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Submitted by The Capital Spectator
It’s been a while since there’s been good news for housing, which makes this morning’s update on October’s housing starts especially welcome.
Privately owned housing starts in October rose 3% percent above the revised September estimate, the Census Bureau reported today. The increase, which is the first after three straight months […]

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Submitted by unsettling economics
The Wall Street Journal reports on the scandal about tainted Chinese ginger that found its way into U.S. stores. In part, the story reads ” The path of this batch of ginger, some 8,000 miles around the world, shows how global supply chains have grown so long that some U.S. companies can’t […]

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