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A Mortally Wounded Private Sector

The problem of all this debt and fiscal profligacy is clear. Every dollar of debt is a promise to tax that same dollar in the future…and with interest. Estimates indicate that the publically traded...

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The $50 Trillion Picture

The picture below is worth a thousand words. And $50 trillion. Financial Assets held by households - ChartThis was just released by the Bank of Japan as part of their new "flow of funds" reporting....

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