Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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The Fed is doing good work - the economic policy problems are elsewhere
But that's hardly changing the substance of the dialogue about economic policies because rising wages and prices can only happen as a result of increasing demand pressures in labor and product markets. One of the Fed governors aptly observed last week that wage inflation will begin to accelerate when we see a real tightening in labor markets. In other words, he is telling people not to fret about a 4.4 percent unemployment rate, and he is absolutely right. Indeed, America's executive and legislative authorities have some work to do to improve the labor markets. The actual unemployment rate is double the officially ... (full story)
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- NotAtrader
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