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IN THIS ISSUE: 1. US Economic Recovery Remains Tepid 2. Encouraging News on the Housing Market 3. Why is the Economic Recovery So Weak? 4. How the Recovery Went Wrong 5. CBO Warns of Recession in 2013 Overview The non-partisan Congressional Budget Office (CBO) has calculated the expected negative effects...
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IN THIS ISSUE: 1. Bernanke’s Speech at Jackson Hole 2. The Economy Continues to Disappoint 3. Has the CBO Become Irrelevant? 4. Welcome to Stagflation 5. Stock Market Mayhem! Introduction We touch on several bases in today’s letter. We begin with Fed Chairman Ben Bernanke’s key speech...