economic chaos

Is This the Largest Transfer of Wealth in the History of the World?

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A Bank of America analyst says that the low price of oil effectively moves $2 Trillion a year from oil producers to consumers and is one of the largest transfers of wealth […]

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Will Populism Kill the American Economy?

Representatives of an American populist movement, the Tea Party, are using their votes in the US House of Representatives to exert power beyond what their numbers might normally command. The United States has been without a Federal budget for more than two weeks. If the mandated Federal debt ceiling is not raised the oldest democracy […]

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