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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Trucking Industry Entering a Profit-Killing Era of Overcapacity? As surface transportation’s peak period ends for the year, and trucking eyes the traditionally slowest time for the industry as first quarter 2016, economic signals are, at best, mixed. Third-quarter Gross Domestic Product grew at a 1.5 in October from 50.2

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Descent of the Global Monetary System

Tom Spencer

Money is not really respected in academia, and so most of the attention tends to focus on other topics: the interaction between buyers and sellers, the structure of industries, statistical modelling, the valuation of financial assets, and so on. Countries may experience hyperinflation, which means rapidly rising consumer prices.

System 88
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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

This means that the foreign currency reserves are simply the asset side of a balance sheet against which there are liabilities. The industry may be valued at 36 trillion yuan, or 69 percent of gross domestic product, JPMorgan estimated in May. billion yuan in August, a record in data going back to 2002, after 192.7