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Trade-war collateral damage: destruction of $1.7 trillion in U.S. companies’ market value

How do you make $ 1.7 trillion disappear? A trade war is one way, a new report has found. A study by the Federal Reserve Bank of New York adds to previous findings that, despite pronouncements from the White House, Americans are paying — and paying stiffly — for the …

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Outside the Box: Debt, wealth destruction and lower pay will be coronavirus’ legacy

Policy makers often describe their approach to the COVID-19 crisis as placing the economy in hibernation or an induced coma. In that sense, the restoration of normal functioning after the patient is revived will be the true measure of success. Post-pandemic recovery will experience effects that persist after the initial …

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