Although I can fairly be accused of being something of a whiner about how the US economy is managed, I’m usually right more than 50% of the time in the end. And president Obama’s likely nomination of Larry Summers, if it happens, likely would improve my batting average even further. Nevertheless, I’ve come up with an idea this week which would – at a stroke – make congress, the White House, and the American people seem 50 IQ points smarter when it comes to money and economics overnight.  While you let that one roll around in the noggin, we’ll stop to smell the headlines and the coffee…Say, did I mention growth sucks?

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There’s a good article over at on EMP which is worth a read this morning…

As we’ll be back with another fun-packed review of present world insanity tomorrow morning at 8 AM Central…

Coping: With the Reality of XKeyscore
Housing: Still Semi-Stuck