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Saturday, June 16, 2012

No IPO's in June But "the private sector is doing fine"

The Wall Street Journal is reporting that June will be the first month in at least 40 years that an IPO (Initial Public Offering) was not brought to market. While this is only antidotal evidence that Obama's war on capitalism has had some success it belies his contention that the private sector is doing fine. The firm the WSJ used only searched back until 1970 so it could be the first June since the Great Depression an IPO was not issued.

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