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Fred A. Kingery's blog

U.S. resembles a subprime borrower: The Great American Debt Roll

Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and becomes evident to everyone else.

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Opinion

Recently, the President of the United States spoke at the graduation of the U. S. Coast Guard Academy. There he proclaimed that one of the greatest threats to national security was ...