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Noteworthy News – August 30, 2010

Economy:

US economic growth is revised down to 1.6% – BBC

This Is Not a Recovery - New York Times (Krugman)

Spreading Hayek, Spurning Keynes - Wall Street Journal

Foot Massage Doubles and Chinese Doubt Official Price Data - Bloomberg

Widespread Fear Freezes Housing Market – New York Times

Chart Book: The Legacy of the Great Recession - Center on Budget and Policy Priorities

Markets:

Is there a government bond bubble? – Economist.com

Stock Market Returns by Presidential Party – Wolfram Blog

Bernanke delivers blow to bond-buying hopes – Reuters

Bargain hunters boost shares – Reuters

Politics:

Bank of England will use ‘all powers’ to stave off any future crisis – Telegraph

Bernanke Says Fed Will Do `All It Can’ to Ensure U.S. Recovery – Bloomberg

Analysis: The uncomfortable mathematics of monetary policy – Reuters

The US Government Matches Every Dollar In Tax Revenue With A Dollar In New Debt – ZeroHedge

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Posted in Economics, Markets, Media, Politics.


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