The Most Basic Macro Says the U.S. Debt Deal is Terrible
I kept very close tabs on my country’s ridiculous negotiation on raising the debt ceiling. Although a deal was reached, Economics 101 – basic macro. – tells us that the deal that Washington Cut isn’t going to do our economy any favors.
Sales of Luxury Goods Are Recovering Strongly – NYTimes.com
Further proof that this recovery is only truly a recovery at the top. This article from the New York Times captures more evidence that the rich are benefitting more than the rest of society in this recovery:
