If you look at the overall growth index charts of just about every advanced economy, you will see the same thing: a plunge in 2008, bounce-back in 2010 and a gradual progression back toward zero. This does not mean the U.S., Canada, Australia, Japan, U.K., Germany, etc. are all suffering from the same issue, but it does mean—according to the Brookings Institution—that the advanced world’s recovery is turning stagnant, in unison. This presents a problem because the world economy needs a jumpstart, but all of the countries capable of doing that can’t even turn over themselves.
The IRS also wants fraternals to have lodges, and rituals.
China Oceanwide says the deal will help ease liquidity pressure.
One possible implication is that income might not be everything.
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The “reflation trade” appears real, but risks are still elevated.
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