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About That Time The Heritage Foundation Said The Bush Tax Cuts Would Pay Off...
Did you hear the one about the Heritage Foundation predicting the Bush tax cuts paying off the national debt?It happened, in 2001.A link from Travis Thornton Tweeted by Reason magazine editor Matt...
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MARKETS STAGE GIGANTIC GLOBAL RALLY: Here's What You Need To Know (DIA, SPY,...
Stocks exploded out of the gates and never looked back.First the scoreboard:Dow: 12,795, +207.6, +1.6 percentS&P 500: 1,386, +27.0, +1.9 percentNASDAQ: 2,916, +62.9, +2.2 percentAnd now the top...
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Why Markets Surged In One Paragraph
Massive rally. Dow up 200.Richard Gilhooly of TD Securities has a great one paragraph recap:Treasuries were a side show to the strong rally in equities today, with AAPL leading the move with a 6.5%...
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MOODY'S DOWNGRADES FRANCE
Moody's just downgraded France's credit rating from Aaa to Aa1.The ratings agency lists three reasons, which we summarize:The long-term economic growth out look looks worse.The fiscal outlook is...
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Carson Block Has A New Short
Carson Block, founder of Muddy Waters Research, announced a new short position in Singapore-based food commodities firm, Olam International, Bloomberg Businessweek reports.You may recall that Block is...
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The Most Important Tax Break Is The One No One Talks About
Suddenly, Republicans are all about increasing tax revenues from rich people.In the last weeks of the campaign, Mitt Romney talked about capping itemized deductions for high-income taxpayers (which,...
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Goldman Sachs On The Demographic Trend That Could Keep The Housing Market...
Our big theme these days is the positive tailwind coming from households and household balance sheets.On Sunday we explained the concept of the Balance Sheet Recovery— the idea that releveraging of...
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The Analyst Calling The End Of The Commodity Boom Has Made One Spectacularly...
The big news in the world of Wall Street calls today was Citi's Edward Morse calling the end of the commodity Super-Cycle. The argument, basically, is that the age of investment-led Chinese growth is...
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Why Heavily Taxing The Rich Doesn't Work
It’s strange when you think about it.Not only is President Obama pushing the largest round of tax hikes in almost a generation, but those increases would come during the most anemic economic expansion...
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Why Everyone Interested In Economics Should Be Fascinated By The Upcoming...
It's time for you to start getting fascinated by the Japanese election, which is taking place in December.For one thing, you probably have US election hangover, so this is a chance for you to get...
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Markets Are Slipping
After yesterday's huge global rally today markets are giving some of it back.Europe is down across the board. Not too dramatically. Italy is off 0.7%. Germany is just under flat.US futures are off over...
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3 Things That Investors Are All Thinking These Days
Kit Juckes of SocGen has a very useful comment in his latest daily note, relaying the thoughts from a conversation he had with traders, capturing the conventional wisdom of the moment:I hadlunch...
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Hillary Clinton Is Heading To The Mideast To Deal With The Gaza Crisis
Secretary of State Hillary Clinton will leave Asia on Tuesday to visit Israel, Egypt and Ramallah, stepping up US efforts to avoid a worsening of the Gaza crisis, an official said.Clinton will meet...
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The Most Hated Currency In The World
You really can't look anywhere right now without reading about someone hating the yen.SocGen's Kit Juckes wrote today:I hadlunch yesterday with a bunch of old friends/colleagues/acquaintances from the...
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NOMURA: 3 Reasons 2013 Will Be A Year Of Weak Growth
Analysts at Nomura Securities say 2013 is likely to be another year of slow-growth around the globe. They list 3 big macro causes of the slow growth:1) Echoes of a burst bubbleOne reason for the...
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Singapore Commodity Company Tanks After Muddy Waters Announces Short
Nov. 20 (Bloomberg) -- Olam International Ltd. slumped the most in six months in Singapore trading after short-seller Carson Block questioned the agricultural commodity trader’s accounting methods.The...
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MORGAN STANLEY: Here's What The Global Economy Will Do In 2013
It's the best time of the year: 2013 predictions time.All of the banks and analysts are coming out with their updated forecasts for what the new year will bring.Morgan Stanley's Joachim Fels declares...
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And Now Markets Are Coming Back
Markets plunged after Ben Bernanke spoke, which was odd because he didn't say anything new.It seems traders and investors have realized this. Markets have already recovered half of their losses.Please...
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GOLDMAN: Obama Will End Up Extracting A Little More Than $800 Billion From...
Goldman Sachs analyst Alec Phillips just sent out a great chart showing what the guts of President Obama's tax on the wealthy looks like, and how it will raise $1.6 trillion.Take a look:Of course,...
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CHART OF THE DAY: Tax Hikes Won't Cause Stocks To Fall
As the "fiscal cliff" approaches, investors are beginning to freak out about the impact of higher taxes on stock market returns. This particularly concerns the impact of capital gains and dividend...
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