Budget Fuss Is About Choices

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Posted: February 12, 2013

As the wealth manager, David Kotok, wrote in his recent newsletter: “The U.S. stock market likes weak labor reports, and so the upward trend of stock prices remains intact. The reason is simple: Weaker employment reports mean a longer period of time before the Federal Reserve changes its interest-rate policy. (Photo by Associated Press )
George Pace wrote a conventional analysis of a make-believe problem (“Future U.S. Fisc Needs Reform”, Feb. 2). Like too many others, he worries about the growing federal debt and interest payment...

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