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The Next Shoe to Drop?

Jonathan Weil at Bloomberg has written a shorter but equally compelling piece that discusses the often arcane and incomprehensible world of bank asset valuation. In a well written and simple to read commentary, Mr. Weil notes that pending FASB accounting changes,...

Were We Lied To?

The well-respected Center for Economic and Policy Research (CEPR), led by economist Dean Baker, has conducted an in-depth study of small business growth in the industrialized “first world”. The study soundly debunks the myth that the United States has historically...