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The Ricks Report – October 16, 2017

The Ricks Report October 16, 2017 Numbers of $ignificance EXPANDING ECONOMY – The US economy has been growing for the last 99 months (i.e., no recession), an expansion exceeded in length only 2 times since 1900 (source: National Bureau of Economic Research). DECADES PASS WITH FEWER REFINERIES – The United States has 141 operable oil
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The Ricks Report – October 9, 2017

The Ricks Report October 9, 2017 Numbers of $ignificance LARGEST IN THE WORLD– The US economy is $19.25 trillion in size as of 6/30/17. 10 years ago (2007), the economy was worth $14.48 trillion.  20 years ago (1997), it was worth $8.61 trillion. 30 years ago (1987), it was worth $4.87 trillion (source: Commerce Department).
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The Ricks Report – October 2, 2017

The Ricks Report October 2, 2017 Numbers of $ignificance OVER TEN TRILLION IN LAST DECADE – The national debt as of 9/30/07 was $9.008 trillion. The national debt as of Thursday 9/28/17 was $20.204 trillion.  Thus, the national debt has increased $11 trillion over the last 10 fiscal years, i.e., fiscal years 2008-2017 (source: Treasury
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The Ricks Report – September 25, 2017

The Ricks Report September 25, 2017 Numbers of $ignificance A NEW RECORD– Damage caused by Harvey and Irma is estimated to be $290 billion. Harvey’s damage estimate of $190 billion would make it the costliest weather disaster in US history.  Harvey and Irma were the first Category 4 or higher hurricanes to strike the US
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The Ricks Report – September 18, 2017

The Ricks Report September 18, 2017 Numbers of $ignificance   NEW IDEA – Fed Chair Ben Bernanke announced in November 2008 his revolutionary idea (“Quantitative Easing”) designed to keep the US economy from falling into a 1920s style depression. The plan involved the creation of “bank reserves” that were used to purchase bonds from American banks,
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