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Why Americans still have to fight for the streets

“Whose streets? Our streets!” If you found it disturbing to hear white supremacists chanting these words as they marched last weekend through Charlottesville, Virginia, I’m about to make you feel worse. This blueprint for political rise comes directly from Adolf Hitler’s “Mein Kampf,” where the would-be dictator advised his followers that “the road can be cleared for the movement … ...

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Strategies for investing at stock market peaks

The S&P 500 Index has recorded more than 150 new all-time highs since eclipsing its previous peak in late-March of 2013. In 2017 alone there have been 30 new record highs through the end of last week. To put this into perspective, there were only 13 new highs for the entire decade of the 2000s. When you combine a stock ...

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Don’t view productivity as an exogenous factor

`The Federal Reserve has an opportunity to test a hypothesis critical to the health of the US economy: Can persistently loose monetary policy boost the pace of productivity growth? Sadly, for now, an adherence to a strict Phillips curve framework for the economy and fear of financial instability will prevent the Fed from venturing down this path. Chair Janet Yellen ...

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