Lawmakers can’t say they weren’t warned.
The U.S. financial markets will become increasingly volatile as interest rates rise and credit spreads return to something approximating normal.
Planning for mobilization is cheap, but failing to do so could be outrageously expensive.
The underlying U.S. economy is currently growing at a clip that will be difficult to sustain in the medium-term.
From Nixon to Reagan and Clinton to now, the whole process has become tawdrier and steadily more routine.
Underneath the surface of a surging U.S. labor market, there is a problem: retail employment.
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