Inflation Hawks: Mugged by Reality, Again

Remember how the Fed's easy money stance was supposed to drive commodity prices higher and higher? Ooops. S&P GSCI Index dropped 24% since April, signalling a bear market 4 Oct, 2011, 0506 hrs IST, Bloomberg LONDON: Commodities fell to a 10-month low as signs of a contraction …

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Written by David Frum on Tuesday October 4, 2011

A Recovery Menaced By Dysfunctional Politics

In a time of fundamental uncertainty, what do we know for certain? No, that’s not a Yogi Berra kind of question. Timing of passage of an increase of some size in the national debt ceiling remains uncertain. Which side will blink first remains uncertain. Final form of the legislation …

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Written by Steve Bell on Friday July 29, 2011

Debt Crisis? Really?

As of this morning, international investors stood ready to lend money to the US government for 10 years at a rate of 2.94%. They would lead for 2 years at a rate of 0.41%. And we're supposed to believe that it's markets that are forcing this borrowing crisis?

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Written by David Frum on Friday July 29, 2011