August 2, 2011
Payday lenders are a sanctioned part of America’s growning ‘poverty industy’
I submit that "growning" is a combination of growing and groaning.
Wealth cannot be sustained over a long period of time when the poorest of a community are exploited.
For what it is worth, I very much tend to agree. The abundance of subprime mortgages to those who could not afford them was simply an early symptom of what is to come.
Trump and Fed Policy
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Today President Trump put out a note urging Fed Chair Powell to lower rates.
The following image, courtesy of Conor Sen, shows the central bank rates
aroun...
5 hours ago
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