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Lockheed Ousts Incoming CEO Over Inappropriate Relationship (LMT)
Multiple outlets, including Reuters and Bloomberg are reporting incoming Lockheed Martin CEO Christopher Kubasik has resigned after allegedly carrying on an inappropriate relationship with a...
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UBS: 1000% Inflation Is Perfectly Acceptable...
One of the biggest fears in the economy is that inflation gets out of control and morphs into hyperinflation.But as with anything in the markets and the economy, expectations are key.In a recent note...
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This Whole "Mandate" Thing Is Irrelevant -- Obama Just Needs To Lead
NOW that Barack Obama has won re-election, politicians and pundits are debating whether the president has a “mandate” from the American people and, if so, what that mandate entails.Naysayer Jamie...
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A Train Ride From Washington To New York Reveals What's Wrong With The Economy
AS YOU pull out of Washington's Union Station on a north-bound train, you glide through a thicket of construction cranes erecting new offices and residential buildings.The view couldn't be more...
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Let's Be Honest -- Obama And The Republicans Have Already Cut A Deal
PRESIDENTS choose their words carefully. So when Barack Obama talked of “tax reform” but not “tax rates” in his acceptance speech early Wednesday, he was presumably sending a signal. And it was...
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Rail Traffic Takes A Turn For The Worse
Rail traffic turned down sharply this week as intermodal traffic dipped -6.2%. That brings the 3 month moving average to 2.7%, down sharply from last week’s reading of 3.5%. One week doesn’t make a...
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A Quick Look At The Latest, High-Frequency Economic Indicators From The Past...
The monthly economic news this week was sparse. Consumer confidence rose to a 5 year high. The expectations component of this is an element of the LEI. The ISM services index showed slightly less...
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Our Favorite Stock Market Indicator Chart Is Showing Some Signs Of Cracking
Here's a chart we've run numerous times over the past couple of years.It shows the S&P 500 (blue) vs. initial jobless claims (in red, flipped upside down, so that the line goes up, when claims...
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Paul Krugman Has A Simple Rebuttal To Anyone Who's Worried About Interest...
Paul Krugmanblogged last night that he has recently spoken with "reasonable people" who fear bond vigilantes will begin bidding up the yield on U.S. treasuries any day now.But those fears, he says,...
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Here's The Real Reason Nate Silver's Perfect Election Call Was Such An...
So for the second election in a row, Nate Silver's electoral forecast was basically perfect. Like, ridiculously so.Of the 50 states, Nate Silver only had one a tossup, and that was Florida... the only...
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About That Chart That Says There's A '100% Chance' Of A Recession...
One of the most frequent questions I receive via email is: "Is another recession starting?" There are quite a few people who have been calling a recession recently (ECRI has called several recessions...
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President Obama Has Drawn A Dangerous Line In The Sand
So both Boehner and Obama have done their post election photo ops. They have spelled out their positions on the looming fiscal cliff. No surprises at all. The Republicans are saying “No” to any...
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Morgan Stanley Explains How Rich New Yorkers And Californians Could Get...
Obama wants the rich to pay more taxes than they are right now.Boehner is okay with the government collecting more revenue, but is against any hike in rates.So the hot idea is that a compromise might...
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REPORT: Boehner Tells House Members That GOP Lost Badly, And That They Can't...
This is the first hint that the GOP will not attempt to go to the mat in the Fiscal Cliff fight, as it did during the debt ceiling fight of 2011.Jonathan Weisman and Jennifer Steinhauer at the NYT...
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Britain's Royal Mail Is Pulling Off A Turnaround That Puts USPS To Shame
Royal Mail is set to unveil a sharp jump in profits this week, clearing the way for a sell-off of the business next year.Officials and bankers working on the sale say Tuesday’s figures are the crucial...
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A St. Louis Fed Economist's Fascinating Video On The State Of Wall Street
St. Louis Fed Economist Bill Emmons released a video presentation analyzing the complexity of our current banking institutions, regulating the finance industry, and what the best route to take is going...
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The State Of The Economy In Two Sentences
Bill McBride at Calculated Risk has an excellent two-sentence summary of the state of the economy:My view is the economy is not currently in a recession, and that economic growth will pickup in 2013,...
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Jim O'Neill Sees An Ominous Parallel With 2011 Developing In The Stock Market
In his latest letter, GSAM Chairman Jim O'Neill takes stock of the state of Washington, the election, the market, and the economy, and comes off worried.He writes:More than $6bn spent, and at the end...
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Forget The Election — This Market Decline Has Been In The Works For A Long...
As momentum, a shifting currency tide and now even sentiment - continues to work against the grain of a slouching equity market structure, many market participants are now just beginning to question if...
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BILL KRISTOL: Why Are Republicans Falling On Their Sword 'To Defend A Bunch...
Conservative columnist and Weekly Standard editor Bill Kristol suggested today on "Fox News Sunday" that Congressional Republicans should agree to a compromise with President Barack Obama in the...
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